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...

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Detalhes bibliográficos
Autor principal: Scherbina, Anna
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2013.
coleção:IMF Working Papers; Working Paper ; No. 2013/045
Acesso em linha:Full text available on IMF