Series: IMF Working Papers
Author(s): Bradley Jones
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 February 2015
Keywords: markets, financial markets, balance sheet, returns, Financial Markets and the Macroeconomy, Behavioral Finance: Underlying Principles, Asset Pricing, Government Policy and Regulation,
In distilling a vast literature spanning the rational- irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more informati...