The authors gratefully acknowledge helpful comments from two anonymous referees, Alberto Alesina, Robert Barro, John Campbell, Richard Cooper, Vince Crawford, Harris Dellas, Ben Friedman, John Leahy, Greg Mankiw, Pok-sang Lam, Klaus Schmidt, Andrei Shleifer, and seminar participants at Harvard, Gerzensee, MIT, UC Berkeley, and UCSD. Prepared for a conference at Gerzensee Switzerland on the integration of macro-economic and micro-economic perspectives. Laibson acknowledges financial support from the NSF (0527516) and the NIA (R01-AG-021650, R01-AG-1665, P30-AG-012810).
Asset Bubbles and the Cost of Economic Fluctuations
Version of Record online: 20 JUL 2011
© 2011 The Ohio State University
Journal of Money, Credit and Banking
Volume 43, Issue Supplement s1, pages 233–260, August 2011
How to Cite
CHAUVIN, K., LAIBSON, D. and MOLLERSTROM, J. (2011), Asset Bubbles and the Cost of Economic Fluctuations. Journal of Money, Credit and Banking, 43: 233–260. doi: 10.1111/j.1538-4616.2011.00416.x
- Issue online: 20 JUL 2011
- Version of Record online: 20 JUL 2011
- Received September 1, 2010; and accepted in revised form February 22, 2011.
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