Sirnes, Espen (1997): Theories and Tests for Bubbles.
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Abstract
Explains the general theory of stock market bubbles, how it can be tested, and investigates whether there have been bubbles in the Norwegian stock market.
Item Type: | MPRA Paper |
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Original Title: | Theories and Tests for Bubbles |
Language: | English |
Keywords: | Bubbles, Finance |
Subjects: | G - Financial Economics > G0 - General G - Financial Economics > G0 - General > G00 - General |
Item ID: | 53464 |
Depositing User: | Dr Espen Sirnes |
Date Deposited: | 09 Feb 2014 05:56 |
Last Modified: | 27 Sep 2019 02:31 |
References: | Blanchard, Oliver Jean and Fischer, Stanley: “Lectures on Macroeconomics”; The Massachusetts Institute of Technology (MIT) Press, Massachusetts, 1991. Bogstrand, Hege M.: “Er kurssvingninger i det norske aksjemarkedet et resultat av bobler ?”; Universitetet i Oslo, 1992, Hovedoppgave i Sosialøkonomi De Bond, Werner F. M. and Thaler, Richard H.: “Does Security Analysts Overreact?”; American Economic Review 80, 2 (May 1990): 52-57 De Bond, Werner F. M. and Thaler, Richard H.: “Does the Stock Market Overreact?”; Journal of Finance 40, 3 (July 1985):793-808 Flood, Robert P. and Garber, Peter M.: “Speculative Bubbles, Speculative Attacks, and Policy Switching; “The Massachusetts Institute of Technology (MIT) Press, Massachusetts, 1994. Flood, Robert P. and Hodrick, Robert J.: “On Testing for Speculative Bubbles”; The Journal of Economic Perspectives, Volume 4, No. 2, Spring 1990.85-102 Lee, M. C. Charles, Shleifer, Andrei and Thaler, Richard H.: “Investors Sentiment and The Closed-End Fund Puzzle”; Journal of Finance 46, 1 (March 1991) Maddala, G. S.: “Introduction to econometrics”, second edition; 1992, Macmillian Publishing Company, New York. Newey, Whitney K. and West, Kenneth D.: “A Simple Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix”; Econometrica, Vol. 55, No. 3, May 1987, 703-708 Plous, Scott: “The Psychology of Judgement and Decisionmaking”; McGraw-Hill, 1993 Shiller, Robert J.: “Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends”; The American Economic Review, June 1981, Vol. 71, No. 3 Shiller, Robert J.: “Market volatility”; Massachusetts Institute of Technology Press, 1989 Shleifer, Andrei and Summers, Lawrence H.: “The Noise Trader Approach to Finance”; The Journal of Economic Perspectives, Volume 4, No. 2, Spring 1990.19-34 Timmermann, Allan: “Present value models with feedback”; Journal of Economic Dynamics and Control 18, 1994, p. 1093-1119, North Holland Weil, Philippe: “Confidence and Real Value of Money in an Overlapping Generations Economy”; Quarterly Journal of Economics, Vol. CII, February 1987, Issue 1, 1-22 West, Kenneth D.: “A Specification Test for Speculative Bubbles”; Quarterly Journal of Economics, August 1987a;553-580. West, Kenneth D.: Appendix to “A Specification Test for Speculative Bubbles”, October 1996, provided to me by Mr. West. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/53464 |