, drawn from a book in progress, examines the history of stock markets for comparable pure price-chasing bubbles, finding nine … way down - of these greatest asset bubbles in human history. When one applies this framework to the current US stock …

Should central banks respond to asset price bubbles? This paper explores this monetary policy question in a … hypothetical economy subject to asset price bubbles. Despite the highly stylized structure of the model, the results reveal several …

coordinated manner. Austrian theory offers an explanation of bubbles based on disruption of interest rates. This theory is tested …. La théorie autrichienne propose une explication des bulles basée sur une perturbation des taux d'intérêt. Grâce à une … hypothèse sur le comportement des taux d'intérêt, cette théorie est testée sur 150 années de données françaises.Between 1719 and …

. The latter is more likely if bubbles develop along the expansionary path. These (rational) bubbles can emerge even when …

reviews the theory and literature on market efficiency and market anomalies. We give a brief review on market efficiency and …. This review is useful to academics for developing cutting-edge treatments of financial theory that EMH, anomalies, and …