Gold rush fever in business cycles
Paul Beaudry () and
Fabrice Collard ()
No 8, 2006 Meeting Papers from Society for Economic Dynamics
This paper presents a model of macroeconomic fluctuations driven by agents competing to secure shares in new markets. The resulting fluctuation resemble a gold rush in the sence that they increase economic activity but may be of limited social gain. We use different techniques to evaluate the potential importance of this type of phenomena in business cycle fluctuations
Keywords: Business Cycles; New Markets; Perceptions (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
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Journal Article: Gold rush fever in business cycles (2011)
Working Paper: Gold Rush Fever in Business Cycles (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed006:8
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