SPECULATIVE BUBBLES, CRASHES AND RATIONAL-EXPECTATIONS

被引：210

作者：

BLANCHARD, OJ

机构：

[1] Harvard University, Cambridge

来源：

ECONOMICS LETTERS | 1979年 / 3卷 / 04期

关键词：

D O I：

10.1016/0165-1765(79)90017-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Self ending speculative bubbles, i.e., speculative bubbles followed by market crashes, are consistent with the assumption of rational expectations. More generally, speculative bubbles may take all kinds of shapes. Detecting their presence or rejecting their existence is likely to prove very hard. © 1979.

引用

页码：387 / 389

页数：3