Huntley Schaller - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:12:11+00:00Fads or Bubbles?
https://www.bankofcanada.ca/1997/01/working-paper-1997-2/
This paper tests between fads and bubbles using a new empirical strategy (based on switching-regression econometrics) for distinguishing between competing asset-pricing models. By extending the Blanchard and Watson (1982) model, we show how stochastic bubbles can lead to regime-switching in stock market returns.1997-01-02T11:33:24+00:00enFads or Bubbles?1997-01-02Financial marketsWorking Paper 1997-2 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp97-2.pdfFads or Bubbles?Huntley SchallerSimon van NordenJanuary 1997CC4C40GG1G12