builds up, during the run-up phase of crises and asset price bubbles, and increases when systemic risk materializes …

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

provide an early warning identification of bubbles. Estimating the FTS-GARCH on well-known historical bubble episodes suggest … the possibility to diagnose in real-time the presence of bubbles in financial time series. Minskian dynamics ; financial … bubbles ; positive feedback ; financial accelerator ; generalized FTS-GARCH …

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 …

forecasts -- to the ex post and ex ante prediction of stock price bubbles. For a panel of six OECD economies covering 24 years … signalling of stock price booms and bubbles. …

By combining (i) the economic theory of rational expectation bubbles, (ii) behavioral finance on imitation and herding … logperiodic power law (LPPL) model has been developed as a flexible tool to detect bubbles. The LPPL model considers the faster … diagnostic of bubbles. It embodies a positive feedback loop of higher return anticipations competing with negative feedback …