The Macroeconomics of Rational Bubbles: A User's Guide

Alberto Martin and Jaume Ventura

No 24234, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: E32 E44 O40 (search for similar items in EconPapers)
Date: 2018-01
New Economics Papers: this item is included in nep-hpe and nep-mac
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Citations: View citations in EconPapers (36)

Published as Alberto Martin & Jaume Ventura, 2018. "The Macroeconomics of Rational Bubbles: A User's Guide," Annual Review of Economics, vol 10(1).

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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 (2017)
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