摘要: Abstract Self ending speculative bubbles, i.e., bubbles followed by market crashes, are consistent with the assumption of rational expectations. More generally, may take all kinds shapes. Detecting their presence or rejecting existence is likely to prove very hard.
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sci-hub.se 参考文章(1)
Robert P. Flood, Peter M. Garber, Market Fundamentals versus Price-Level Bubbles: The First Tests Journal of Political Economy. ,vol. 88, pp. 745- 770 ,(1980) , 10.1086/260900