asset pricing in line with rational bubbles. We show that the response of the excessive stock price component to a monetary …

price bubbles. Against this background, the paper evaluates if new advances in real-time bubble detection, as brought … the bubbles in the sample. Therefore, the paper suggests a combination approach of different bubble indicators which helps … to account for the uncertainty around start and end dates of asset price bubbles. Additionally, the paper then …

that the macroprudential policy should optimally respond to building asset price bubbles non-monotonically depending on the …

This paper examines how monetary expansion causes asset bubbles. When there is no monetary expansion, a bubbly asset is …

suitable for the task of tackling asset price bubbles. -- Monetary Policy ; Banking Regulation ; Asset Prices ; Bubbles …

We combine both a mathematical analysis of financial bubbles and a statistical procedure for determining when a given … of financial bubbles. We find that it follows a generalized gamma distribution, and we provide estimates for its … parameters. We also perform goodness of fit tests, and we provide a derivation, within the context of bubbles, that explains why …

that monetary policy might be ineffective during periods of bubbles. In order to distinguish between the two explanations … specific to the stock market, making the theory of rational bubbles the prevailed explanation …