Asset Price Bubbles: A Selective Survey

WP/13/45

Nopic
Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard rational models, the new literature is able to model the common characteristics of historical bubble... READ MORE...

Publication date: February 2013
ISBN 9781475515299
$18.00

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Paperback

Publication date: February 2013

English