The Macroeconomics of Rational Bubbles: A User's Guide

Jaume Ventura and Alberto Martin

No 989, Working Papers from Barcelona School of Economics

Abstract: This paper provides a guide to macroeconomic applications of the theory of rational bubbles. It shows that rational bubbles can be easily incorporated into standard macroeconomic models, and illustrates how they can be used to account for important macroeconomic phenomena. It also discusses the welfare implications of rational bubbles and the role of policy in managing them. Finally, it provides a detailed review of the literature.

Keywords: Business cycles; Bubbles; economic growth; financial frictions; pyramid schemes; credit (search for similar items in EconPapers)
JEL-codes: E32 E44 O40 (search for similar items in EconPapers)
Date: 2017-09
New Economics Papers: this item is included in nep-hpe and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The Macroeconomics of Rational Bubbles: A User's Guide (2018)
Working Paper: The Macroeconomics of Rational Bubbles: A User's Guide (2018)
Working Paper: The Macroeconomics of Rational Bubbles: A User's Guide (2018)
Working Paper: The macroeconomics of rational bubbles: a user's guide (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:989

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