Speculative bubbles in stock prices? Tests based on the price-dividend ratio

Tom Engsted () and Carsten Tanggaard ()
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Carsten Tanggaard: Department of Finance, Aarhus School of Business, Postal: Fuglesangs Allé 4, 8210 Aarhus V, Denmark

No 04-1, Finance Working Papers from University of Aarhus, Aarhus School of Business, Department of Business Studies

Abstract: No abstract

Keywords: Speculative bubbles; Price-dividend ratio; Variance decomposition; Bootstrap simulation; US stock market (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-fin, nep-fmk and nep-rmg
Date: 2004-03-18

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