Speculative bubbles, crashes and rational expectations

@article{citeulike:1203194, abstract = {Self ending speculative bubbles, i.e., speculative bubbles followed by market crashes, are consistent with the assumption of rational expectations. More generally, speculative bubbles may take all kinds of shapes. Detecting their presence or rejecting their existence is likely to prove very hard.}, author = {Blanchard, Olivier J. }, citeulike-article-id = {1203194}, doi = {10.1016/0165-1765(79)90017-X}, journal = {Economics Letters}, keywords = {bubbles, rational}, number = {4}, pages = {387--389}, posted-at = {2007-04-02 18:30:39}, priority = {2}, title = {Speculative bubbles, crashes and rational expectations}, url = {http://dx.doi.org/10.1016/0165-1765(79)90017-X}, volume = {3}, year = {1979} }

TY - JOUR ID - citeulike:1203194 L3 - citeulike-article-id:1203194 TI - Speculative bubbles, crashes and rational expectations JF - Economics Letters VL - 3 IS - 4 SP - 387 EP - 389 N2 - Self ending speculative bubbles, i.e., speculative bubbles followed by market crashes, are consistent with the assumption of rational expectations. More generally, speculative bubbles may take all kinds of shapes. Detecting their presence or rejecting their existence is likely to prove very hard. KW - bubbles KW - rational AU - Blanchard, Olivier PY - 1979/// UR - http://dx.doi.org/10.1016/0165-1765(79)90017-X ER -