Replication data for: Asset Bubbles and Global Imbalances
Principal Investigator(s): View help for Principal Investigator(s) Daisuke Ikeda; Toan Phan
Version: View help for Version V1
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Project Citation:
Ikeda, Daisuke, and Phan, Toan. Replication data for: Asset Bubbles and Global Imbalances. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116399V1
Project Description
Summary:
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We analyze the relationships between bubbles, capital flows, and economic activities in a rational bubble model with two large open economies. We establish a reinforcing relationship between global imbalances and bubbles. Capital flows from South to North facilitate the emergence and the size of bubbles in the North. Bubbles in the north in turn facilitate South-to-North capital flows. The model can simultaneously explain several stylized features of recent bubble episodes.
Scope of Project
JEL Classification:
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E32 Business Fluctuations; Cycles
E44 Financial Markets and the Macroeconomy
F44 International Business Cycles
G01 Financial Crises
G14 Information and Market Efficiency; Event Studies; Insider Trading
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
E32 Business Fluctuations; Cycles
E44 Financial Markets and the Macroeconomy
F44 International Business Cycles
G01 Financial Crises
G14 Information and Market Efficiency; Event Studies; Insider Trading
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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