Price Bubbles
Housing Price Bubbles and their Determinants in the Czech Republic and its Regions
... housing price growth, confirming the possibility of rental and owner- occupied housing ...apartment price dynamics in the Czech Republic seems to have been restored in the last ...property price ...
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Price Bubbles in Real Estate Markets and the Rebound Risk
... comparable price cuts as after the subprime bubble in the US, most of the academic literature concentrates on the measurement of price ...double-digit price cuts result, the majority of the ...
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Detecting Asset Price Bubbles: A Multifactor Approach
... asset price bubbles is that there is no commonly accepted view what an asset price bubble really ...asset price bubble as a 10% deviation from a long-term price trend (Adalid and ...
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How should we respond to asset price bubbles?
... asset price bubbles are alike, and some bubbles raise issues outside the direct responsibility of monetary policy but within the policy concerns of the broader regulatory framework governing our fi ...
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Equity Price Bubbles in the Middle Eastern and North African Financial Markets
... to price returns from these ...to price assets based on local information alone, as in Merton ...of bubbles based on CAPM-based pricing. Thus, formal testing for bubbles is ...between ...
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Asset Price Bubbles in the Kiyotaki Moore Model
... asset price bubbles on the other asset ...bubble-asset price, land price, and output generate powerful bubbly ...bubble-asset price cause boom-crash cycles in the land market ...
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Price Bubbles Spillover among Asset Markets: Evidence from Iran
... the price bubbles spillover amongst asset markets, we have taken several ...the bubbles, a multivariate time series model in the form of a vector autoregressive (VAR) system has been ...assets ...
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Do natural rubber price bubbles occur?
... demonstrates bubbles in international natural rubber markets, which includes the inefficien- cies and other significant ...asset price bubbles’ formation, invisible components and expecta- tion ...
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How Should Monetary Policy Respond to Asset Price Bubbles?
... Asset-price bubbles rarely arise out of thin air—instead, they usually occur when the evolving economic funda- mentals are consistent with some rise in asset ...
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Portfolio Optimization In Incomplete Markets In The Presence Of Asset Price Bubbles
... The objective of this work was to investigate the effect of asset price bubbles on optimal portfolio allocations. The result found both in a theoretical example of chapter 3 and in the simulation output of ...
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Asset Price Bubbles and Stock Market Interlinkages
... In more recent times stock market interlinkages also appear to play an important role in asset price bubbles. Higgins and Osler (1997) consider 18 OECD countries and document a signiÞcant simultaneous rise ...
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Real indeterminacy and dynamics of asset price bubbles in general equilibrium
... of bubbles (see an overview below), none of them show how the emergence and the dynamics of asset price bubbles depend on economic fundamentals such as endowments, dividends, and borrowing lim- ...
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Measurement of house price bubbles: A case in Sydney
... house price bubbles like the growth rate of house prices, the price-to-rent ratio, the price-to-income ratio can be ...house price bubbles as the rates are more sensitive where ...
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How Should Monetary Policy Respond to Asset-price Bubbles?
... One view is that monetary policy should do no more than follow the standard precepts of inflation targeting. Proponents of this view would acknowledge that rising asset prices often have expansionary effects on the ...
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Essays on value at risk and asset price bubbles
... asset price bubbles with periodically collapsing explosive bubbles, which provides a more realistic results than the traditional random walk theory by geometric Brownian motion that simulates no ...
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Transaction services and asset-price bubbles (Revised)
... asset-price bubbles (see Camerer [1989] for a survey of rational growing bubbles, fads, and information ...asset-price bubbles; and Allen, Morris, and Shin (2003), in which higher order ...
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Asset Price Bubbles and Challenges to Central Banks
... equity price bubble and the risks that are associated with it as a source of great concern, with the potential to destabilise the domestic ...asset price bubbles, a line of reasoning shared by ...
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Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
... asset-price bubbles and the structure of the economy is deliberately kept extremely simple and ...asset-price bubbles in the model are treated in a simple, reduced-form fashion, in terms of ...
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The Classification and Identification of Asset Price Bubbles
... asset price bubbles, namely estimating the fundamental value of the as- ...market price of an asset is higher than the discounted sum of its expected cash flows, with the discount factor being equal ...
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House Price Bubbles in China
... how bubbles function in incomplete financial ...markets, bubbles can exist as a form of liquid asset at one of the ...asset price bubbles, our work only focuses on the growing bubbles ...
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