speculative bubbles and/or noise trading behavior. Our empirical findings for the US stock market covering the 1871:1 - 2000 …

real estate markets are driven by the presence of speculative bubbles. The results show significant evidence of the … existence of periodically partially collapsing speculative bubbles in all three markets. We then develop and implement a … multivariate bubble model to evaluate whether the stock and real estate bubbles spill over into REITs. We find the underlying stock …

future house prices which, in turn, led to a collapse in lending standards. A common feature of all bubbles which complicates … economic fallout from the recent financial crisis, central bank views on the use of monetary policy to lean against bubbles …

This paper provides an early warning indicator for bubbles in financial markets. The indicator is based on traditional … consensus bubbles and gives warning signals well ahead of the crash, in most cases as early as 12 months ahead. The indicator … also signals most of the 'negative bubbles' before their turning points …

diverse beliefs, strategies, and knowledge. This study examines the validity of rational bubbles in stock market prices … indicate that these markets experienced bubbles at various points, often followed by bursts. These bubbles coincided with … contributed to the occurrence of bubbles. Three key policy options are proposed to address bubbles in the studied markets …