Asset Price Volatility, Bubbles, and Process Switching
收藏NBER1986-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1867
下载链接
链接失效反馈官方服务：
资源简介：
Evidence of excess volatilities of asset prices compared with those of market fundamentals is often attributed to speculative bubbles. This study examines the sense in which speculative bubbles could in theory lead to excess volatility, hut it demonstrates that some of the variance hounds evidence
提供机构：
美国国家经济研究局
创建时间：
1986-03-01
