Ruling-out non-stationary stochastic rational expectations bubbles when agents are non-risk-neutral

Applied Economics Letters

Volumn 5, Issue 7, 1998, Pages 473-475

  Roberts, Mark A ^a  

^a UNIVERSITY OF NOTTINGHAM   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0345920438     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/135048598354663     Document Type: Article

References (8)

1. Blanchard, O. (1979) Speculative bubbles, crashes and rational expectations, Economics Letters, 3, 387-89.
2. Blanchard, O. and Watson, M.W. (1982) Bubbles, rational expectations, and financial markets, in Crises in the Economic and Financial Structure (ed.) P. Wachtel, Lexington Books, Lexington Mass.
3. Diba, B.T. and Grossman, H.I. (1988) The theory of rational bubbles in stock prices, Economic Journal, 98, 746-54.
4. Flood, R. and Garber, P.M. (1980) Market fundamentals vs. price level bubbles: the first tests, Journal of Political Economy, 88, 754-70.
5. Lucas, R.E. (1981) Understanding business cycles, in Business Cycle Theory. Basil Blackwell, Oxford.
6. McCafferty, S. and Driskill, R. (1980) Problems of existence and uniqueness in nonlinear rational expectations models, Econometrica, 48, 1313-17.
7. Obstfeld, M. and Rogoff, K. (1986) Ruling out divergent speculative bubbles, Journal of Monetary Economics, 17, 349-62.
8. Sinn, H.-W. (1983) Economic Decision Under Uncertainty. North Holland, Amsterdam, New York and Oxford.