Add to ORKGEquilibrium determines leverage, not just interest rates. Variations in leverage cause fluctuations in asset prices. This leverage cycle can be damaging to the economy, and should be regulated
In this paper we show that competitive equilibrium prices and margin requirements naturally lead to ...
This paper analyses the relationship between leverage and asset price bubbles. During an important h...
This paper develops a macroeconomic model of the interaction between consumer debt and firm debt ove...
Equilibrium determines leverage, not just interest rates. Variations in leverage cause fluctuations ...
We review the theory of leverage developed in collateral equilibrium models with incomplete markets....
The present crisis is the bottom of a recurring problem that I call the leverage cycle, in which lev...
Yale University professor John Geanakoplos discusses implications of “the leverage cycle”—a phenomen...
AbstractWe present a simple agent-based model of a financial system composed of leveraged investors ...
We discuss how leverage can be monitored for institutions, individuals, and assets. While traditiona...
I document cyclical properties of aggregate measures of liabilities, equity, and leverage ratio in t...
We study the cyclical fluctuations of leverage and assets of financial intermediaries and GDP in the...
This paper investigates the macroeconomic dynamics of consumption and real interest rates when there...
We build a simple model of leveraged asset purchases with margin calls. Investment funds use what is...
We develop a general equilibrium model linking the pricing of stocks and corporate bonds to endogeno...
In this paper, I study the role of the leverage ratio and its impact on investing in tangible and in...
In this paper we show that competitive equilibrium prices and margin requirements naturally lead to ...
This paper analyses the relationship between leverage and asset price bubbles. During an important h...
This paper develops a macroeconomic model of the interaction between consumer debt and firm debt ove...
Equilibrium determines leverage, not just interest rates. Variations in leverage cause fluctuations ...
We review the theory of leverage developed in collateral equilibrium models with incomplete markets....
The present crisis is the bottom of a recurring problem that I call the leverage cycle, in which lev...
Yale University professor John Geanakoplos discusses implications of “the leverage cycle”—a phenomen...
AbstractWe present a simple agent-based model of a financial system composed of leveraged investors ...
We discuss how leverage can be monitored for institutions, individuals, and assets. While traditiona...
I document cyclical properties of aggregate measures of liabilities, equity, and leverage ratio in t...
We study the cyclical fluctuations of leverage and assets of financial intermediaries and GDP in the...
This paper investigates the macroeconomic dynamics of consumption and real interest rates when there...
We build a simple model of leveraged asset purchases with margin calls. Investment funds use what is...
We develop a general equilibrium model linking the pricing of stocks and corporate bonds to endogeno...
In this paper, I study the role of the leverage ratio and its impact on investing in tangible and in...
In this paper we show that competitive equilibrium prices and margin requirements naturally lead to ...
This paper analyses the relationship between leverage and asset price bubbles. During an important h...
This paper develops a macroeconomic model of the interaction between consumer debt and firm debt ove...