, drawn from a book in progress, examines the history of stock markets for comparable pure price-chasing bubbles, finding nine … way down - of these greatest asset bubbles in human history. When one applies this framework to the current US stock …

Should central banks respond to asset price bubbles? This paper explores this monetary policy question in a … hypothetical economy subject to asset price bubbles. Despite the highly stylized structure of the model, the results reveal several …

coordinated manner. Austrian theory offers an explanation of bubbles based on disruption of interest rates. This theory is tested …. La théorie autrichienne propose une explication des bulles basée sur une perturbation des taux d'intérêt. Grâce à une … hypothèse sur le comportement des taux d'intérêt, cette théorie est testée sur 150 années de données françaises.Between 1719 and …

value. Although there are several important theoretical issues surrounding the topic of asset bubbles, the existence of … bubbles is inherently an empirical issue that has not been settled yet. This paper reviews several important tests and offers …

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

the dynamics of Bitcoin price during the analyzed time period. We explain this classification of long and short bubbles by … over this period. Then, a detailed analysis of the growing risks associated with the three long bubbles using the Log … bubbles and the four short bubbles that our time scale of analysis was able to resolve. Overall, our predictive scheme …

This paper proposes a framework to study contagious stock bubbles in a multi-sector production economy with … heterogeneous investment technologies. Due to financial frictions, stock bubbles arise endogenously that help inject additional … liquidity. Due to financial linkages, the existence of bubbles in different sectors may be interdependent. Theoretically, we …

Most of the economic theory delves into monetary policy based intervention in the event market experiences an asset … policy implementation and its resultant effects raises doubts as to the viability of such an intervention to tackle bubbles … that bubbles evolve in few sectors of the economy. The 90's dot com and recent real estate bubble require focused …