type of rational bubble that depends exclusively on dividends. We call such bubbles "intrinsic" bubbles because they derive … examples of rational bubbles, intrinsic bubbles provide an empirically plausible account of deviations from present …

"conventional" view on the effects of monetary policy on bubbles, as well as with the predictions of bubbleless models. We also …

these linked bubbles primarily focus on the irrationality of investor speculation and the corresponding stock price behavior … examine a broad cross-section of security price data to evaluate the causes of the bubbles. Using newly collected stock prices … in 1720. Our findings are consistent with the hypothesis that financial bubbles require a plausible story to justify …

. The latter is more likely if bubbles develop along the expansionary path. These (rational) bubbles can emerge even when …

History is important to the study of financial bubbles precisely because they are extremely rare events, but history … can be misleading. The rarity of bubbles in the historical record makes the sample size for inference small. Restricting …%. In simple terms, bubbles are booms that went bad. Not all booms are bad …