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Rational Inflationary Bubbles [PDF]
This paper analyzes the possible inception of rational inflationary bubbles under the assumption that the empirically relevant environment precludes the existence of rational deflationary bubbles. The analysis shows that if a rational inflationary bubble
Herschel I. Grossman, Behzad T. Diba
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Rational bubbles in emerging stockmarkets [PDF]
We detected rational bubbles in 22 emerging stockmarkets using both standard and threshold cointegration. Eighteen stockmarkets experienced explosive bubbles (and some of them periodically collapsing bubbles as well).
Nunes, Mauricio, Da Silva, Sergio
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The Spirit of Capitalism, Stock Market Bubbles, and Output Fluctuations [PDF]
This paper presents a representative agent model in which stock market bubbles cause output fluctuations. Assuming that utility depends directly on wealth, we show that stock market bubbles arise if the marginal utility of wealth does not decline to zero
Takashi Kamihigashi
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The Impossibility of Rational Bubbles [PDF]
A rational bubble would involve a self-confirming belief that an asset price depends on information that includes variables or parameters that are not part of market fundamentals.
Herschel I. Grossman, Behzad T. Diba
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Learning the CAPM through Bubbles [PDF]
Bubbles are generally considered the outcome of investor irrationality or informational asymmetry, both objectionable in efficient markets with rational investors.
Haim Kedar-Levy
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Asset Bubbles, Credit Market Imperfections, and Technology Choice [PDF]
This paper introduces a bubbly asset into the Matsuyama (2007) model with credit market imperfections and multiple technologies and shows that there can exist multiple bubbly steady states and bubbles may cause underdevelopment traps by preventing the ...
Tarishi Matsuoka, Akihisa Shibata
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On Rational Bubbles and Fat Tails [PDF]
This paper addresses the statistical properties of time series driven by rational bubbles a la Blanchard and Watson (1982). Using insights on the behavior of multiplicative stochastic processes, we demonstrate that the tails of the unconditional ...
Didier Sornette, Thomas Lux
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Rational Asset Price Bubbles [PDF]
The solution to a linear model in which supply and/or demand depends on rational expectations of future prices can involve three parts, which we denote as the fundamental component, the deterministic bubble component, and the stochastic bubble component.
Herschel I. Grossman, Behzad T. Diba
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Testing for Multiple Bubbles [PDF]
Identifying and dating explosive bubbles when there is periodically collapsing behavior over time has been a major concern in the economics literature and is of great importance for practitioners.
Jun Yu +2 more
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Ion Acceleration Inside Foreshock Transients [PDF]
Recent observations upstream of Earth's bow shock have revealed that foreshock transients can not only accelerate solar wind ions by reflection at their upstream boundaries but may also accelerate ions inside them.
Wang, X. Y. +4 more
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