in their assessments of the housing market …

We analyze whether mid-level managers in securitized finance were aware of the housing bubble and a looming crisis in … wider housing market. Certain groups of securitization agents were particularly aggressive in increasing their exposure to … housing during this period, suggesting the need to expand the incentives-based view of the crisis to incorporate a role for …

.S. metropolitan areas shed light on their expectations and reasons for buying during the recent housing boom and subsequent collapse …. They also provide insight into the reasons for the housing crisis that initiated the current financial malaise. We find …-to-year change in actual home prices. More of the root causes of the housing bubble can be seen in their long-term (10-year) home …

parameters of the house price growth process and the underlying state of the housing market. Slow learning about the long …

The recently-developed fiscal theory of price level determination contends that there is an important class of policy …

deterministic bubbles and stochastic bubbles, for a model of inflation and for a model of the evolution of price and quantity in the … market fora storable commodity, such as gold. The analysis focuses on stochastic bubbles as a possibility peculiarly … points to no compelling reason to rule out rational stochastic bubbles apriori, conventional behavioral assumptions imply …

This paper investigates the nature and the presence of bubbles in financial markets. Are bubbles consistent with … are some of the questions asked in the first three sections. The general conclusion is that bubbles, in many markets, are … consistent with rationality, that phenomena such as runaway asset prices and market crashes are consistent with rational bubbles …