Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96646
Authors: 
Barsky, Robert
Bogusz, Theodore
Year of Publication: 
2013
Series/Report no.: 
Working Paper, Federal Reserve Bank of Chicago 2013-21
Abstract: 
In this paper, we lay out a simple framework that captures much of what the theoretical literature has to say about the role of credit in systemically important asset booms and busts. In addition, we suggest ways in which to incorporate physical investment in the bubble asset as well as monetary policy.
Subjects: 
asset pricing
heterogeneity
bubbles
JEL: 
E52
G12
Document Type: 
Working Paper

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