Asset Price Bubbles in the Perspective of New Keynesian Theory

2013 ◽  
Author(s):  
Meelis Angerma
Keyword(s):  
Asset Price ◽  
New Keynesian ◽  
Asset Price Bubbles ◽  
Price Bubbles ◽  
Keynesian Theory

scholarly journals Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations

2021 ◽  
Vol 13 (2) ◽  
pp. 121-167
Author(s):  
Jordi Galí
Keyword(s):  
Monetary Policy ◽  
Rational Expectations ◽  
Overlapping Generations ◽  
Asset Price ◽  
New Keynesian ◽  
New Keynesian Model ◽  
Asset Price Bubbles ◽  
Price Bubbles ◽  
Keynesian Model ◽  
Welfare Implications

I analyze an extension of the New Keynesian model that features overlapping generations of finitely lived agents and (stochastic) transitions to inactivity. In contrast with the standard model, the proposed framework allows for the existence of rational expectations equilibria with asset price bubbles. I study the conditions under which bubble-driven fluctuations may emerge and the type of monetary policy rules that may prevent them. I conclude by discussing some of the model’s welfare implications. (JEL E12, E32, E44, E52, E63)

Risk measures and the impact of asset price bubbles

2015 ◽  
Vol 17 (3) ◽  
pp. 35-56 ◽  
Author(s):  
Robert Jarrow ◽  
Felipe Bastos G. Silva
Keyword(s):  
Risk Measures ◽  
Asset Price ◽  
Asset Price Bubbles ◽  
Price Bubbles ◽  
The Impact

scholarly journals Online Communication and Asset Price Bubbles

2021 ◽  
Vol 187 ◽  
pp. 36-41
Author(s):  
Kun Zhang ◽  
Tianyi Gu ◽  
Yuanyuan Wang
Keyword(s):  
Asset Price ◽  
Online Communication ◽  
Asset Price Bubbles ◽  
Price Bubbles

ASSET PRICE BUBBLES AND TECHNOLOGICAL INNOVATION

2018 ◽  
Vol 57 (1) ◽  
pp. 482-497
Author(s):  
Jong Kook Shin ◽  
Chetan Subramanian
Keyword(s):  
Technological Innovation ◽  
Asset Price ◽  
Asset Price Bubbles ◽  
Price Bubbles
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