International transmission of bubble crashes in a two-country overlapping generations model
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DOI: 10.1016/j.jmateco.2016.01.004
Abstract: Abstract We study the international transmission of bubble crashes by analyzing stationary sunspot equilibria in a two-country overlapping generations exchange economy with stochastic bubbles. We consider two cases of sunspot shocks. In the first case,… read more here.
Keywords: transmission bubble; two country; country overlapping; international transmission ... See more keywords