A Speculative Asset Pricing Model of Financial Instability ∗ Lawrence J. Jin † March 15, 2015 ABSTRACT I develop a dynamic equilibrium model that incorporates incorrect beliefs about crash risk and

First Page		Document Content
Date: 2015-03-15 13:29:32		A Speculative Asset Pricing Model of Financial Instability ∗ Lawrence J. Jin † March 15, 2015 ABSTRACT I develop a dynamic equilibrium model that incorporates incorrect beliefs about crash risk and Add to Reading List Source URL: www.its.caltech.edu Download Document from Source Website File Size: 1,33 MB Share Document on Facebook