Stock market bubbles and unemployment

DOI10.1007/s00199-015-0906-7zbMath1367.91141OpenAlexW1955994722MaRDI QIDQ255166

Jianjun Miao, Lifang Xu, Peng-fei Wang

Publication date: 9 March 2016

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-015-0906-7

zbMATH Keywords

multiple equilibriasearchunemploymentcredit constraintsself-fulfilling beliefsstock market bubbles

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Management cycles, Introduction to economic theory of bubbles, Bubble economics, Asset bubble and endogenous labor supply: a clarification, Bubbly Markov equilibria, The perils of credit booms, Introduction to the symposium on bubbles, multiple equilibria, and economic activities, Toxic asset bubbles

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