On the interplay between speculative bubbles and productive investment
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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.… read more here.
Keywords: speculative bubbles; capital; productive investment; investment ... See more keywords