Are speculative bubbles welfare improving? A note on Wang and Wen (2012)

DOI10.1016/J.ECONLET.2020.109076MaRDI QIDQ2180743zbMATH OpenOpenAlexFDO

Authors Jürg Fausch, Markus Sigonius

Publication date 14 May 2020

Published in Economics Letters (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.econlet.2020.109076

zbMATH Keywords

asset pricingboom-bust cyclefinancial crisisspeculative bubblesunspot

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Economic growth models (91B62)

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Cites work

• Introduction to sunspots in macroeconomics
• Sunspots and Cycles

Cited in

(2)

• On the performance of West's bubble test: a simulation approach
• Bubbles in stochastic economies: can they cure overaccumulation of capital?

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