The Macroeconomics of Rational Bubbles: A User's Guide

Jaume Ventura and Martín, Alberto
Authors registered in the RePEc Author Service: Alberto Martin

No 12641, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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: Bubbles; Credit; Business cycles; Economic growth; Financial frictions; Pyramid schemes (search for similar items in EconPapers)
JEL-codes: E32 E44 O40 (search for similar items in EconPapers)
Date: 2018-01
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

Downloads: (external link)
https://cepr.org/publications/DP12641 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

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 (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:12641

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP12641
orders@cepr.org

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by (repec@cepr.org).