Gürkaynak, Refet S. (contributor) - 2005
an annual frequancy,
observed at the beginning of the year. Almost all studies of stock price bubbles in the US use
this … Hamilton and Whiteman (1985)
and Flood and Hodrick (1986): agents might attribute a small probability to
an event that will … and dividends will be interpreted as
signalling the presence of an intrinsic bubble. In the event, Froot and Obstfeld
find …