Macroeconomic Analysis of Asset Bubbles and Its Policy Implications: A Review

Ryo Jinnai ()

Public Policy Review, 2023, vol. 19, issue 3, 1-13

Abstract: This paper discusses the latest research trends on the asset price bubble. I discuss possible reasons why policymakers and researchers have differing opinions on the subject. I discuss a famous policy controversy, as well as the recurrent-bubble model that my collaborators and I have developed. This paper also discusses its policy implications.

Keywords: price asset bubble; rationality; economic policy (search for similar items in EconPapers)
JEL-codes: E20 E30 E44 E60 O40 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mof:journl:ppr19_03_04

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