Asset Price Bubbles : A Selective Survey /

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 co...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Scherbina, Anna
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2013.
سلاسل:IMF Working Papers; Working Paper ; No. 2013/045
الوصول للمادة أونلاين:Full text available on IMF