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On the interplay between speculative bubbles and productive investment

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Academic year: 2021

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Figure

Figure 1: E¤ect of permanent technological shocks
Figure 2. Transitional dynamics after a permanent technological shock.
Figure 3: Consumption pro…le when the bubble has a probability to crash 1 where variables without the zero as a superscript correspond to choice variables decided when there is a bubble and resulting prices

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