[PDF.54bj] New Perspectives on Asset Price Bubbles
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New Perspectives on Asset Price Bubbles
From Oxford University Press
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| #2373204 in eBooks | 2012-02-08 | 2012-02-08 | File type: PDF||0 of 1 people found the following review helpful.| Five Stars|By morfara|Excellent explanation of academic literature and its blend with reality. Terrific insights and food for thought!|||"This unique and thoughtfully constructed volume systematically reconsiders recent classic contributions to formal theoretical modeling of asset pricing bubbles. The originality and comprehensiveness of the collection is as impressive as the star-studded cast
This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that...
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