Bubbles, growth and sunspots with credit market frictions

Ho, WH; Zhu, L

Ho, WH (reprint author), Univ Macau, Fac Social Sci, Dept Econ, Macau, Peoples R China.

MATHEMATICAL SOCIAL SCIENCES, 2019; 102 (): 42

Abstract

This paper explores the role of bubbles in an overlapping-generations economy where some agents are more productive than the others. Due to missing cr......

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