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Financial bubbles : mechanisms and diagnostics
Sornette, Didier; Cauwels, Peter - 2014
Financial bubbles are subject to debate and controversy. However, they are not well understood and are hardly ever … specific traces, bubbles may be recognised in advance: that is, before they burst. In this paper, we will explain the mechanism … behind financial bubbles in an intuitive way. We will show how the log-periodic power law emerges spontaneously from the …
Persistent link: https://www.econbiz.de/10010411859
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Household debt and housing bubble : a Minskian approach to boom-bust cycles
Ryoo, Soon - 2015
This paper examines macroeconomic dynamics of household debt and housing prices. Drawing on Minsky's insights into financial instability and cycles, our framework combines household debt dynamics with behavioral asset price dynamics in a Keynesian macro model. We show that endogenous boom-bust...
Persistent link: https://www.econbiz.de/10011522147
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Financial Cycles, Credit Bubbles and Stabilization Policies
Corrado, Luisa - 2019
This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking … policy instruments in counteracting financial bubbles. We find that an endogenous capital requirement reduces the impact of a …
Persistent link: https://www.econbiz.de/10012892165
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Financial Cycles, Credit Bubbles and Stabilization Policies
Schuler, Tobias - 2019
This paper analyzes the effects of several policy instruments for mitigating financial bubbles generated in the banking … evaluate the efficacy of several policy instruments in counteracting financial bubbles. We find that an endogenous capital …
Persistent link: https://www.econbiz.de/10012858317
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Financial cycles, credit bubbles and stabilization policies
Corrado, Luisa; Schuler, Tobias - 2018
This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking … policy instruments in counteracting financial bubbles. We find that an endogenous capital requirement reduces the impact of a …
Persistent link: https://www.econbiz.de/10011952012
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Financial cycles, credit bubbles and stabilization policies
Corrado, Luisa; Schuler, Tobias - 2019
This paper analyzes the effects of several policy instruments for mitigating financial bubbles generated in the banking … evaluate the efficacy of several policy instruments in counteracting financial bubbles. We find that an endogenous capital …
Persistent link: https://www.econbiz.de/10012132559
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Financial bubbles, real estate bubbles, derivative bubbles, and the financial and economic crisis
Sornette, Didier; Woodard, Ryan - 2009
fundamental cause of the unfolding financial and economic crisis: the accumulation of several bubbles and their interplay and …
Persistent link: https://www.econbiz.de/10003970395
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Financial Bubbles, Real Estate Bubbles, Derivative Bubbles, and the Financial and Economic Crisis
Sornette, Didier - 2010
fundamental cause of the unfolding financial and economic crisis: the accumulation of several bubbles and their interplay and …
Persistent link: https://www.econbiz.de/10013144346
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Bubbly Recessions
Biswas, Siddhartha - 2020
We develop a tractable rational bubbles model with financial frictions, downward nominal wage rigidity, and the zero … leaning-against-the-bubble policy that balances the trade-off between the booms and busts of bubbles …
Persistent link: https://www.econbiz.de/10012852748
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Asset Price Booms and Monetary Policy
Detken, Carsten; Smets, Frank - 2021
The paper aims at deriving some stylised facts for financial, real, and monetary policy developments during asset price booms. We observe various macroeconomic variables in a pre-boom, boom and post-boom phase. Not all booms lead to large output losses. We analyse the differences between...
Persistent link: https://www.econbiz.de/10013319333