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Gold rush fever in business cycles

Author

Listed:
  • Paul Beaudry
  • Fabrice Collard

    (GREMAQ CNRS Universite de Toulouse)

Abstract

This paper presents a model of macroeconomic fluctuations driven by agents competing to secure shares in new markets. The resulting fluctuation resemble a gold rush in the sence that they increase economic activity but may be of limited social gain. We use different techniques to evaluate the potential importance of this type of phenomena in business cycle fluctuations

Suggested Citation

  • Paul Beaudry & Fabrice Collard, 2006. "Gold rush fever in business cycles," 2006 Meeting Papers 8, Society for Economic Dynamics.
    • Handle: RePEc:red:sed006:8
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Business Cycles; New Markets; Perceptions;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

    Statistics

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