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Applied Economics Letters Volume 5, 1998 - Issue 7
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Original Articles

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

Mark A. Roberts
Pages 473-475 | Published online: 05 Oct 2010

References

  • Blanchard , O. 1979 . Speculative bubbles, crashes and rational expectations . Economics Letters , 3 : 387 – 389 .
  • Blanchard , O. and Watson , M. W. 1982 . “ Bubbles, rational expectations, and financial markets ” . In Crises in the Economic and Financial Structure , Edited by: Wachtel , P. Lexington, Mass : Lexington Books .
  • Diba , B. T. and Grossman , H. I. 1988 . The theory of rational bubbles in stock prices . Economic Journal , 98 : 746 – 754 .
  • Flood , R. and Garber , P. M. 1980 . Market fundamentals vs price level bubbles: the first tests . Journal of Political Economy , 88 : 754 – 770 .
  • Lucas , R. E. 1981 . “ Understanding business cycles ” . In Business Cycle Theory , Oxford : Basil Blackwell .
  • McCafferty , S. and Driskill , R. 1980 . Problems of existence and uniqueness in nonlinear rational expectations models . Econometrica , 48 : 1313 – 1317 .
  • Obstfeld , M. and Rogoff , K. 1986 . Ruling out divergent speculative bubbles . Journal of Monetary Economics , 17 : 349 – 362 .
  • Sinn , H.-W. 1983 . Economic Decision Under Uncertainty , Amsterdam, New York and Oxford : North Holland .

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