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Persistent link: https://www.econbiz.de/10010128868
This paper investigates whether there are bubbles in stock prices. We do this using a previously studied structural vector autoregressive (SVAR) model claiming to distinguish fundamental and non-fundamental shocks to real stock prices. TheSVAR model relies on an identification restriction in...
Persistent link: https://www.econbiz.de/10010349257
Persistent link: https://www.econbiz.de/10011615649