Financial Markets and Investment Externalities

被引：15

作者：

Titman, Sheridan

机构：

[1] American Finance Association, San Diego, CA

来源：

JOURNAL OF FINANCE | 2013年 / 68卷 / 04期

关键词：

STOCK-MARKET; REAL ACTIVITY; CONSEQUENCES; CREATION; RETURNS; CRISIS; POLICY;

D O I：

10.1111/jofi.12072

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

<title content-type="main">ABSTRACT This address explores the link between financial market shocks, investment choices, and various externalities that can arise from these choices. My analysis, which emphasizes differences between shocks to debt and equity markets, provides insights about some stylized facts from the macro finance literature. These insights are illustrated with a discussion of the technology boom and bust in the late 1990s and early 2000s, and the housing boom and bust in the mid-2000s.

引用

页码：1307 / 1329

页数：24

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