RT Generic
T1 Rational asset pricing bubbles
A1 Santos, Manuel S.
A1 Woodford, Michael
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB This 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.
SN 2340-5031
YR 1995
FD 1995-07
LK https://hdl.handle.net/10016/3913
UL https://hdl.handle.net/10016/3913
LA eng
DS e-Archivo
RD 28 may. 2024