أثر اقتصاد الفقاعات المالية على الاقتصاد الكلي

Abstract EN

This study addresses the impact of financial bubbles on the macro-economy, based on the «Samuelson - Tirol» model.

Because it has been adopted by some researchers currently studying the bubble formation mechanism within the financial markets.

In addition, its effects on the economy.

We have referred to the mortgage bubble that occurred in 2007 in the USA.

Which was formed after the economic rise that prevailed in the financial markets, Because of the support policies directed at the American economy.

Due to the recession resulting from the collapse of the dot-com bubble in 2000.

This model clearly shows how financial bubbles form within the financial markets, through stages called «bubbly episodes», and then a virtual economy is being formed as a result of the expansion of the financial bubbles economy.

We found that the financial bubbles has effects on the macro-economy, through «Classic CrowdingOut Effect» and «The new reallocation effect»..