Bubbly bailout
WebApr 1, 2024 · The time-varying probability of bubble burst causes both asset price volatility and economic fluctuations. In the presence of this tradeoff, we examine the efficiency … WebWe provide a theory to investigate the implications of time-varying bailout policy for rational bubbles in an infinite-horizon production economy. In particular, we ask two questions. …
Bubbly bailout
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WebThe time-varying probability of bubble burst causes both asset price volatility and economic fluctuations. In the presence of this tradeoff, we examine the efficiency and the welfare … WebApr 1, 2024 · Bubbly Bailout. Article. Apr 2024; J ECON THEORY; Feng Dong; Zhiwei Xu; We provide a theory to investigate the implications of time-varying bailout policy for rational bubbles in an infinite ...
WebSep 25, 2015 · As long as bubble size is relatively small, bubbles increase production level, but once the size becomes too large, then bubbles reduce it. Given this non-monotonic relationship, this paper investigates the relationship between bubbles and government bailouts. It shows that bailouts for bursting bubbles may positively influence ex ante … WebDec 13, 2024 · The impact of intermediation friction depends on the role of asset bubbles in the economy. When asset bubbles only serve as store of value (collateral), higher intermediation friction not only raises the value of bubble assets and social welfare in the steady state, but also amplifies (dampens) the fluctuation after the bubble collapses ...
WebBubbly bailout Feng Dong, Zhiwei Xu Article 105460 Download PDF Article preview Research articleFull text access Social welfare in search games with asymmetric … WebJul 1, 2024 · The investor evaluates the portfolio based on each feasible correlation matrix and chooses the worst-case correlation. 2 We first characterize a situation in which the ambiguity-averse investor will optimally choose a portfolio with only one risky asset, yielding an anti-diversified portfolio. 3
WebBubbly Bailout (with Feng Dong), 2024, Journal of Economic Theory, , non-technical summary in Chinese:[pdf]，该文获中国信息经济学2024创新成果奖。 15. Sentiments and Real Business Cycles (with Fei Zhou and Jing Zhou), 2024, Journal of Economic Dynamics and Control, 14.
WebBubbly Bailout. Article. Apr 2024; Feng Dong; Zhiwei Xu; We provide a theory to investigate the implications of time-varying bailout policy for rational bubbles in an infinite-horizon production ... braven health networkWebBubbly Bailout Journal of Economic Theory, Forthcoming Number of pages: 59 Posted: 09 Mar 2024 Last Revised: 14 Apr 2024 Feng Dong and Zhiwei Xu Tsinghua University - School of Economics and Management and Peking University HSBC Business School Downloads 215 (220,149) Citation 3 View PDF Download 6. braven health medicare providersWebJun 1, 2024 · Bubbly Bailout. Article. Apr 2024; J ECON THEORY; Feng Dong; Zhiwei Xu; We provide a theory to investigate the implications of time-varying bailout policy for rational bubbles in an infinite ... braven health njWeb17 hours ago · Company seeks $200M bailout over thruway rest stops Video. Top Stories. Fire crews put out house fire on Curlew Street 20 mins ago ... describes its “wearable version” of the brightly colored soda as having “bubbly aspects of bright and juicy orange essence infused with a glimmering splash of tart lime and a sweet sprinkle of soft sugar braven health newark njWebHow to use bubbly in a sentence. full of bubbles : effervescent; full of or showing good spirits : lively, effusive; resembling a bubble… See the full definition braven health nj provider portalWebSep 1, 2024 · When asset pledgeability is limited ( ϕ is small), any equilibrium bubble is unleveraged: lenders buy the bubbly asset using their own funds, and the bubbly episode is not associated with a credit boom, as in a standard rational bubble model. Fig. 1a illustrates an unleveraged bubbly equilibrium. braven health nj drug formularyWebThere are goods, stock asset, pure bubbly asset, and loan markets, and we consider all possible cases depending on whether each of the markets is open or closed. We show that capital inflows give rise to asset bubbles. Moreover, two types of bubbles arise simultaneously in the economy if the goods market and loan markets are open. braven health over the counter catalog