variation, raising the question of a bubble. I carry out two different bubbles tests, the results of both of which are …. I examine if the price can be explained by marginal abatement costs as predicted by economic theory, or if there were … consistent with the presence of an allowance price bubble. I then address whether market manipulation by dominant power …

bubbles, a bubble itself is not sufficient to cause real-side disruption. What central bankers should learn from Japan …Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross … conclude the bubble was just as likely to occur whatever monetary policy within reason would have done. Did the bubble's burst …

It has been widely assumed that there was a bubble in the U.S. housing market after1999.This paper analyzes the extent … to which that was true. We define a bubble as: (1) a regime shift that is characterized by a change in the properties of … was less apparent in the likely bubble candidate cities along the coasts, which had shown high growth in the past. The …

of speculative bubble, which is analyzed in Essay 2, is understood as an excess of the equilibrium price over the current … disagreement leads to a speculative bubble, which is independent on any observed history of data. I extend this example by adding … techniques to analyze the dynamics of a speculative bubble in a very special case of a Markov dividend process and the prior …