A Practical Anti-bubble Prescription

Andrade Sandro C. (), Bian Jiangze () and Burch Timothy R. ()
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Andrade Sandro C.: University of Miami
Bian Jiangze: School of Banking and Finance and Research Center for Applied Finance, University of International Business and Economics
Burch Timothy R.: University of Miami

The Economists' Voice, 2012, vol. 9, issue 1, 5

Abstract: We argue that coordinated mass dissemination of information about asset fundamentals should make asset markets less prone to bubbles. The key idea is to establish a centralized and popular information source to make key information common knowledge across as many market participants as possible. This realistic, micro-level anti-bubble policy faces fewer challenges than monetary policy and macro-prudential tools.

Keywords: asset pricing bubbles; real estate (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1515/1553-3832.1926

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