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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
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Document Date: 2015-03-15 13:29:32
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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