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Published in 2019 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2018.11.002
Abstract: The aim of this paper is to study the interplay between long term productive investments and more short term and liquid speculative ones. A three-period lived overlapping generations model allows us to make this distinction.…
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Keywords:
speculative bubbles;
capital;
productive investment;
investment ... See more keywords