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THE BOY WHO CRIED BUBBLE: PUBLIC WARNINGS AGAINST RIDING BUBBLES.

Attempts by governments to stop bubbles by issuing warnings seem unsuccessful. This article examines the effects of public warnings using a simple model of riding bubbles. We show that public warnings against a bubble can stop it if investors believe that a warning is issued in a definite range of p...

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Publicado en:Economic Inquiry Vol. 52; no. 3; pp. 1137 - 1153
Autores principales: ASAKO, YASUSHI, UEDA, KOZO
Formato: Artículo
Publicado: Wiley-Blackwell Jul2014
Materias:
Stock market bubbles
Information asymmetry
Economic forecasting
Economic models
Economic bubbles
Decision making in economic policy
Warnings
Investment policy
Acceso en línea:Ver este registro en EBSCOhost