Although every bubble is different, one common element in most bubbles is the willingness of participants to suspend disbelief and to steadfastly ignore the increasing number of cautionary signs. Another is that the bigger the bubble, the greater the damage it inflicts when it bursts. And perhaps ...
Asset bubbles in shipping? an analysis of recent history in the drybulk market. Maritime Economics and Logistics 8 (3), 223-233.Roar Adlag_d, Haiying Jia, Siri Strandens. Asset Bubbles in Shipping: An analysis of recent history in the dry bulk market[J]. Maritime Economics & Logistics,...
Asset price bubbles shoulder the blame for some of the most devastatingrecessionsin history. The stock market bubble of the 1920s, the dot-com bubble of the 1990s, and the real estate bubble of the 2000s were asset bubbles followed by sharp economic downturns. Assetbubblesare especially devasta...
A perpetual youth overlapping generations model is presented in which the presence of financial frictions can create the crowd-in effect of asset bubbles that promotes capital accumulation. The existence of asset bubbles increases the equilibrium interest rate. Although the increased interest rate excludes...
has not been a crisis. What I did not foresee is how the European Central Bank would break its own rules bydoing an indirect bailout(basically, by buying up the new debt the Italian government has been issuing). At some point, though, bubbles burst. In this case, it won’t be ...
The problem is that there is no certain way to explain how people will react to such a policy change, to any signs of price overheating or decline, or to other news stories that might be spun as somehow important. We simply do not have much well-documented history of big financial c...
Although central banks have a long history of targeting and affecting product inflation and both the strategies used and their abilities to do so have been analyzed in depth, the role of central banks in targeting asset prices is less well chartered and considerably more controversial. 1 This ...
Very rarely do I come across a personal account that encompasses the entire scope of what a bursting bubble can do to an economy and the people living in it.Bubbles, as examined from the past, have a very similar pattern in thestages they ...
We develop an overlapping generations model with leveraged investment in speculative asset bubbles. Financial intermediaries use borrowed funds to speculat
By examining the history of reserve requirements in the United States and of current regulatory proposals and practices, I argue that a system of asset-bas... J. Bryans 被引量: 0发表: 2002年 Asset Prices and Federal Reserve Behavior The legislated goals of monetary policy are price stability...