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Krichevskiy, Dmitriy; Qirjo, Dhimitri - In: Handbook of investors' behavior during financial crises, (pp. 113-127). 2017

Persistent link: https://www.econbiz.de/10011743017

Rational Finite Bubbles

Allen, Franklin - 1991

There has been a long-running debate about whether stock market prices are determined by fundamentals. To date no consensus has been reached. An important issue in this debate concerns the circumstances in which deviations from fundamentals are consistent with rational behavior. A...

Persistent link: https://www.econbiz.de/10012475283

Rational bubbles in a monetary economy

Zhou, Ge - In: The B.E. journal of macroeconomics 18 (2018) 1, pp. 1-8

Persistent link: https://www.econbiz.de/10011898674

Wealth preference and rational bubbles

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2018

conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite …

Persistent link: https://www.econbiz.de/10011872947

The macroeconomics of rational bubbles : a user's guide

Martin, Alberto; Ventura, Jaume - 2017

Persistent link: https://www.econbiz.de/10011802739

The Macroeconomics of Rational Bubbles : A User's Guide

Martin, Alberto - 2018

This paper provides a guide to macroeconomic applications of the theory of rational bubbles. It shows that rational … bubbles can be easily incorporated into standard macroeconomic models, and illustrates how they can be used to account for … important macroeconomic phenomena. It also discusses the welfare implications of rational bubbles and the role of policy in …

Persistent link: https://www.econbiz.de/10012453479

Monetary Policy and Rational Asset Price Bubbles

Galí, Jordi - 2013

I examine the impact of alternative monetary policy rules on a rational asset price bubble, through the lens of an overlapping generations model with nominal rigidities. A systematic increase in interest rates in response to a growing bubble is shown to enhance the fluctuations in the latter,...

Persistent link: https://www.econbiz.de/10012459855

Wealth Preference and Rational Bubbles

Michau, Jean-Baptiste - 2018

conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite …

Persistent link: https://www.econbiz.de/10012912377

Wealth Preference and Rational Bubbles

Michau, Jean-Baptiste - 2018

conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite …

Persistent link: https://www.econbiz.de/10012915581

Riding the South Sea Bubble

Temin, Peter; Voth, Hans-Joachim - 2012

This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress and that it invested knowingly in the bubble; it was profitable to ride the bubble. Using a unique dataset on...

Persistent link: https://www.econbiz.de/10014073923