The Macroeconomics of Rational Bubbles: A User's Guide
这篇综述介绍了如何将理性泡沫理论融入标准宏观经济模型,解释重要宏观现象,并讨论其福利影响和政策管理作用。
This review provides a guide to macroeconomic applications of the theory of rational bubbles. It shows that rational bubbles can be easily incorporated into standard macroeconomic models and illustrates how they can be used to account for important macroeconomic phenomena. It also discusses the welfare implications of rational bubbles and the role of policy in managing them. Finally, it provides a detailed review of the literature.