Money, Asset Markets and Efficiency of Capital Formation
نویسندگان
چکیده
منابع مشابه
Futures Markets and Bubble Formation in Experimental Asset Markets
We construct asset markets of the type studied in Smith et al. (1988), in which price bubbles and crashes are widely observed. In addition to a spot market, there are futures markets in operation, one maturing in each period of the life of the asset. We find that when futures markets are present, bubbles do not occur in the spot markets. The futures markets seem to reduce the speculation and th...
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Commentary on "Inflation, Financial Markets, and Capital Formation"
Since my task is to critically evaluate the authors’ model, I will do so by asking, If our objective is to understand the connection between price stability and economic growth, would exploration of the kind of model that Sangmok Choi, Bruce D. Smith, and John H. Boyd present in this article be a high priority? My answer is, probably not. In the comments that follow, I lay out reasons for my re...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3315419