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Rational asset pricing bubbles

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorSantos, Manuel S.
dc.contributor.authorWoodford, Michael
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2009-04-08T10:09:17Z
dc.date.available2009-04-08T10:09:17Z
dc.date.issued1995-07
dc.description.abstractThis paper provides a fairly systematic study of general economic conditions under which rational asset pricing bubbles may arise in an intertemporal competitive equilibrium framework. Our main results are concerned with non-existence of asset pricing bubbles in those economies. These results imply that the conditions under which bubbles are possible inc1uding sorne well-known examples of monetary equilibria-are relatively fragile.
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.urihttps://hdl.handle.net/10016/3913
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working Paper. Economics
dc.relation.ispartofseries1995-26-16
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.otherAsset pricing bubbles
dc.subject.otherRational expectations
dc.subject.otherSequentially incomplete markets
dc.subject.otherMoney
dc.titleRational asset pricing bubbles
dc.typeworking paper*
dspace.entity.typePublication
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