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We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agent
The Art Of Speculation
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Philip L. Carret (1896-1998) was a famed investor and founder of The Pioneer Fund (Fidelity Mutual Trust), one of the first Mutual Funds in the United States. A
Doing Capitalism in the Innovation Economy
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A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.
The Speculation Economy
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The first book to reveal the deep historical roots of the modern corporate obsession with stock price - a major cause of recent scandals like those at Enron and
Speculation, Trading, and Bubbles
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As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with