Safe asset shortages and asset price bubbles

DOI10.1016/j.jmateco.2014.05.005zbMath1305.91185OpenAlexW2243727079MaRDI QIDQ406284

Kosuke Aoki, Tomoyuki Nakajima, Kalin Nikolov

Publication date: 8 September 2014

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://cigs.canon/article/uploads/pdf/workingpapers/140530_nakajima.pdf

zbMATH Keywords

asset price bubblessafe asset shortage

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24) Actuarial science and mathematical finance (91G99)

Related Items (8)

Robust bubbles with mild penalties for default ⋮ Bubbles, growth and imperfection of credit market in a two-country model ⋮ Asset bubbles and efficiency in a generalized two-sector model ⋮ Asset bubbles and inflation as competing monetary phenomena ⋮ Introduction to economic theory of bubbles ⋮ Bubble economics ⋮ Asset bubbles, entrepreneurial risks, and economic growth ⋮ FINANCIAL MARKETS WITH NO RISKLESS (SAFE) ASSET

Cites Work

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• Sectoral bubbles, misallocation, and endogenous growth
• A simple model of incomplete insurance The case of permanent shocks
• Risky storage and the value of money
• Assessing Dynamic Efficiency: Theory and Evidence
• Human Capital Risk and Economic Growth
• Bubbly Liquidity
• Income Variance Dynamics and Heterogeneity
• Asset Bubbles and Overlapping Generations

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