Chapman, Bruce James (contributor) - 2000
important event a¤ecting fundamentals with a
probability greater zero, then formal tests may show the existence of a bubble … parameters. Taylor (1993) suggests g = h =0:5 and
r
f
= ¼
¤
=2: Simulation studies have found that sharper responses to increases … less than
a year. In its wider context, the bubble is best remembered for its e¤ect on the
housing market. Some studies …