{"id":"https://openalex.org/W1773336253","doi":"https://doi.org/10.2139/ssrn.2432788","title":"Asset Bubbles, Endogenous Growth, and Financial Frictions","display_name":"Asset Bubbles, Endogenous Growth, and Financial Frictions","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W1773336253","doi":"https://doi.org/10.2139/ssrn.2432788","mag":"1773336253"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.2432788","doi":"https://doi.org/10.2139/ssrn.2432788","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2432788","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2432788","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5113102855","display_name":"Tomohiro Hirano","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I184558857","display_name":"Royal Holloway University of London","ror":"https://ror.org/04g2vpn86","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I184558857"]},{"id":"https://openalex.org/I909854389","display_name":"London School of Economics and Political Science","ror":"https://ror.org/0090zs177","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I909854389"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Tomohiro Hirano","raw_affiliation_strings":["Royal Holloway, U of London and Center for Macroeconomics at the London School of Economics and the Canon Institute for Global Studies, London, United Kingdom","Royal Holloway, U of London and Center for Macroeconomics at the London School of Economics and the Canon Institute for Global Studies"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Royal Holloway, U of London and Center for Macroeconomics at the London School of Economics and the Canon Institute for Global Studies, London, United Kingdom","institution_ids":["https://openalex.org/I184558857","https://openalex.org/I909854389"]},{"raw_affiliation_string":"Royal Holloway, U of London and Center for Macroeconomics at the London School of Economics and the Canon Institute for Global Studies","institution_ids":["https://openalex.org/I184558857","https://openalex.org/I909854389"]}]},{"author_position":"last","author":{"id":null,"display_name":"Noriyuki Yanagawa","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Noriyuki Yanagawa","raw_affiliation_strings":["University of Tokyo - Faculty of Economics, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan","University of Tokyo - Faculty of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Tokyo - Faculty of Economics, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan","institution_ids":["https://openalex.org/I74801974"]},{"raw_affiliation_string":"University of Tokyo - Faculty of Economics","institution_ids":["https://openalex.org/I74801974"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5113102855"],"corresponding_institution_ids":["https://openalex.org/I184558857","https://openalex.org/I909854389"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":54,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":"CIRJE-F-752","issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/asset-bubbles","display_name":"asset price bubbles","score":0.9900000095367432},{"id":"https://openalex.org/keywords/endogenous-growth","display_name":"endogenous growth","score":0.9940000176429749},{"id":"https://openalex.org/keywords/financial-frictions","display_name":"financial frictions","score":0.9990000128746033},{"id":"https://openalex.org/keywords/pledgeability","display_name":"pledgeability","score":0.9670000076293945},{"id":"https://openalex.org/keywords/bubble-burst","display_name":"bubble bursting","score":0.765999972820282},{"id":"https://openalex.org/keywords/long-term-economic-growth","display_name":"long-run economic growth","score":0.8169999718666077}],"concepts":[{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5710376501083374},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5598052144050598},{"id":"https://openalex.org/C190430219","wikidata":"https://www.wikidata.org/wiki/Q576355","display_name":"Endogenous growth theory","level":3,"score":0.5284889936447144},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.42558425664901733},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.366890549659729},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.34934717416763306},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.13906913995742798},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0749468207359314},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":12,"locations":[{"id":"doi:10.2139/ssrn.2432788","doi":"https://doi.org/10.2139/ssrn.2432788","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2432788","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:irdb.nii.ac.jp:01368:0007314156","doi":null,"is_oa":true,"landing_page_url":"https://hit-u.repo.nii.ac.jp/records/2057343","pdf_url":null,"source":{"id":"https://openalex.org/S7407056385","display_name":"Institutional Repositories DataBase (IRDB)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184597095","host_organization_name":"National Institute of Informatics","host_organization_lineage":["https://openalex.org/I184597095"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"technical report"},{"id":"pmh:oai::24085","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/24085/1/MPRA_paper_24085.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/24085/1/MPRA_paper_24085.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai:RePEc:cfi:fseres:cf223","doi":null,"is_oa":false,"landing_page_url":"https://www.carf.e.u-tokyo.ac.jp/old/pdf/workingpaper/fseries/233.pdf","pdf_url":"https://www.carf.e.u-tokyo.ac.jp/old/pdf/workingpaper/fseries/233.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:hit:remfce:36","doi":null,"is_oa":true,"landing_page_url":"https://hit-u.repo.nii.ac.jp/record/2055461/files/wp036.pdf","pdf_url":"http://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/27737/wp036.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:hit:remfce:63","doi":null,"is_oa":false,"landing_page_url":"https://hit-u.repo.nii.ac.jp/record/2057343/files/wp063.pdf","pdf_url":"https://hit-u.repo.nii.ac.jp/record/2057343/files/wp063.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:pra:mprapa:24085","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/24085/1/MPRA_paper_24085.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/24085/1/MPRA_paper_24085.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:tky:fseres:2010cf752","doi":null,"is_oa":false,"landing_page_url":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf752.pdf","pdf_url":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf752.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:hermes-ir.lib.hit-u.ac.jp:10086/27737","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10086/27737","pdf_url":null,"source":{"id":"https://openalex.org/S4306401645","display_name":"Institutional Repository, Hitotsubashi University (Hitotsubashi University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I111428342","host_organization_name":"Hitotsubashi University","host_organization_lineage":["https://openalex.org/I111428342"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Technical Report"},{"id":"pmh:oai:hermes-ir.lib.hit-u.ac.jp:10086/28169","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10086/28169","pdf_url":null,"source":{"id":"https://openalex.org/S4306401645","display_name":"Institutional Repository, Hitotsubashi University (Hitotsubashi University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I111428342","host_organization_name":"Hitotsubashi University","host_organization_lineage":["https://openalex.org/I111428342"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Technical Report"},{"id":"pmh:oai:irdb.nii.ac.jp:00926:0004647389","doi":null,"is_oa":true,"landing_page_url":"https://repository.dl.itc.u-tokyo.ac.jp/records/42882","pdf_url":null,"source":{"id":"https://openalex.org/S7407056385","display_name":"Institutional Repositories DataBase (IRDB)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184597095","host_organization_name":"National Institute of Informatics","host_organization_lineage":["https://openalex.org/I184597095"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Discussion paper series. CIRJE-F","raw_type":"technical report"},{"id":"pmh:oai:irdb.nii.ac.jp:01368:0007312277","doi":null,"is_oa":true,"landing_page_url":"https://hit-u.repo.nii.ac.jp/records/2055461","pdf_url":null,"source":{"id":"https://openalex.org/S7407056385","display_name":"Institutional Repositories DataBase (IRDB)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184597095","host_organization_name":"National Institute of Informatics","host_organization_lineage":["https://openalex.org/I184597095"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"technical report"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2432788","doi":"https://doi.org/10.2139/ssrn.2432788","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2432788","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G6318708819","display_name":"Machanism Design in Economic Governance: Theory, Empirics, and Practice","funder_award_id":"16H02009","funder_id":"https://openalex.org/F4320334764","funder_display_name":"Japan Society for the Promotion of Science"}],"funders":[{"id":"https://openalex.org/F4320334764","display_name":"Japan Society for the Promotion of Science","ror":"https://ror.org/00hhkn466"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1773336253.pdf","grobid_xml":"https://content.openalex.org/works/W1773336253.grobid-xml"},"referenced_works_count":75,"referenced_works":["https://openalex.org/W29192659","https://openalex.org/W1481560811","https://openalex.org/W1495009347","https://openalex.org/W1498937543","https://openalex.org/W1508198902","https://openalex.org/W1530152595","https://openalex.org/W1560350676","https://openalex.org/W1569396840","https://openalex.org/W1569508223","https://openalex.org/W1754354078","https://openalex.org/W1784272075","https://openalex.org/W1823289759","https://openalex.org/W1848070861","https://openalex.org/W1933529014","https://openalex.org/W1967014080","https://openalex.org/W1970144470","https://openalex.org/W1979391829","https://openalex.org/W1984145979","https://openalex.org/W1997824483","https://openalex.org/W2003180600","https://openalex.org/W2022038927","https://openalex.org/W2029072467","https://openalex.org/W2047582865","https://openalex.org/W2055543102","https://openalex.org/W2065273716","https://openalex.org/W2079406917","https://openalex.org/W2089767832","https://openalex.org/W2091784747","https://openalex.org/W2094833625","https://openalex.org/W2099167504","https://openalex.org/W2103488295","https://openalex.org/W2104307027","https://openalex.org/W2104516116","https://openalex.org/W2112559425","https://openalex.org/W2123931028","https://openalex.org/W2129138051","https://openalex.org/W2135353344","https://openalex.org/W2136633515","https://openalex.org/W2136880950","https://openalex.org/W2147274256","https://openalex.org/W2150554017","https://openalex.org/W2150679037","https://openalex.org/W2152556759","https://openalex.org/W2156961915","https://openalex.org/W2160375335","https://openalex.org/W2161965672","https://openalex.org/W2162695720","https://openalex.org/W2163065315","https://openalex.org/W2163315882","https://openalex.org/W2163455584","https://openalex.org/W2170353308","https://openalex.org/W2300483516","https://openalex.org/W2324898384","https://openalex.org/W2327680615","https://openalex.org/W2499043457","https://openalex.org/W2890619015","https://openalex.org/W2912248305","https://openalex.org/W3121185241","https://openalex.org/W3121276318","https://openalex.org/W3121927887","https://openalex.org/W3121989687","https://openalex.org/W3122687592","https://openalex.org/W3122790390","https://openalex.org/W3122885726","https://openalex.org/W3125176907","https://openalex.org/W3125367981","https://openalex.org/W3125654204","https://openalex.org/W3125792613","https://openalex.org/W3149915203","https://openalex.org/W3172883420","https://openalex.org/W4236584637","https://openalex.org/W4238542302","https://openalex.org/W4240756968","https://openalex.org/W4241177581","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2147274256","https://openalex.org/W7100223870","https://openalex.org/W3125792613","https://openalex.org/W2119030790","https://openalex.org/W7097494637","https://openalex.org/W4412620356","https://openalex.org/W2593936565","https://openalex.org/W7095188934","https://openalex.org/W7096234492","https://openalex.org/W7113455308"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":11},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}