Bursting Bubbles: Consequences and Cures ∗

By Narayana Kocherlakota. 2009

166 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/83199c26e9be3612b87bacf4148cf188f3d8415b

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Citations in the corpus

External financing and the role of financial frictions over the business cycle: Measurement and theory (2017, unknown): “This version of our model corresponds loosely to the theoretical models considered by Kiyotaki and Moore (2008) and, more specifically, Kocherlakota (2009).”
Sectoral bubbles, misallocation, and endogenous growth☆ (2014, background): “Kocherlakota (2009),Martin andVentura (2011, 2012) andMiao andWang (2013) show that bubbles can relax collateral constraints and improve investment efficiency.”
Illiquidity and All Its Friends (2011, background): “For independent work on the impact of asset bubbles on economic activity, see Kocherlakota (2009).”
Liquidity and asset-market dynamics (2010, unknown): “A somewhat related literature, including Kiyotaki and Moore (1997), Kiyotaki (1998), Kocherlakota (2000,2009), Ferraris and Watanabe (2008), and Mills and Reed (2009), discusses economies with assets playing dual roles as factors of production and collateral.”
The Great Housing Boom of China (2014, unknown): “(26) log Y E t Y E t + Y F t = log N E t /Nt 1− ψ + ψN E t /Nt .”
Aggregate Implications of a Credit Crunch (2012, unknown): “The capital income of an entpreneur is Π(zit, kit, wt) = max lit (zitkit) αl1−αit − wtlit (7) Maximizing out over labor, we obtain the following simple and linear expression for profits: Π(zit, kit, wt) = zitπtkit, πt = α ( 1 − α wt )(1−α)/α .”
Aggregate Implications of a Credit Crunch: The Importance of Heterogeneity (2015, background): “Exceptions are the papers by Kiyotaki (1998); Kocherlakota (2009); Bassetto, Cagetti, and De Nardi (2013); Brunnermeier and Sannikov (2014); Gilchrist, Sim, and Zakrajšek (2014); and Khan and Thomas (2013).15 An important distinctive feature of our model is an undistorted Euler equation for the…”