bubbles and similar price dynamics in all treatments (with moderately lower prices in the treatments with a long horizon) …

price dynamics with recurring bubbles in all treatments …

asset pricing in line with rational bubbles. We show that the response of the excessive stock price component to a monetary … policy shock is ambiguous in both the short- and long-run, and depends on the nature of the mispricing. Subsequently, we … contractionary monetary policy shock in fact lowers stock prices beyond what is implied by the response of their underlying …

reflects very well the financial market crises and pricing bubbles over the past 20 years. …

bubbles for a certain setup of a feedback trader model. Moreover, similar studies very often face the criticism that chartists … might run out of money before the emergence of bubbles, as these studies typically analyze the role of chartists with …

calculations, they analytically prove that the presence of fundamentalists is not sufficient to avoid asset price bubbles. The …