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

Bubbles are recurrent events, which contribute to both macroeconomic and employment volatility. We introduce stochastic … bubbles in the standard search-and matching model of the labor market. The economy alternates between latent and bubbly states …, each being associated with a distinct solution for the market value of firms (respectively, stable or explosive). Bubbles …

Bubbles are omnipresent in lab experiments with asset markets. But these experiments were (mostly) conducted in … clearly smaller bubbles if human traders expect algorithmic traders to be present. …

suite of models for financial bubbles and crashes. By modifying previous approaches, we are able to derive novel analytical … applications is deep and wide ranging, and includes contemporary housing bubbles, the Eurozone crisis and the Crash of 2008. …

identify temporary house price bubbles, amplified by trend extrapolation, and crashes reinforced by fundamentalists. The …