investment - results that are consistent with the model's predictions. -- investment ; stock market ; bubble ; dispersion … of investor beliefs under short-selling constraints predicts a "bubble," or a rise in a stock's price above its … fundamental value. Our model predicts that managers respond to bubbles by issuing new equity and increasing capital expenditures …

The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity …

. Most theory characterizes the market maker as an uninformed, passive supplier of liquidity. Our findings suggest, however …