Financial Market Crisis as a Phenomenon of Stock Market Overshooting. A Theoretical Analysis

Fritz Breuss

Austrian Economic Quarterly, 2010, vol. 15, issue 1, 78-85

Abstract: An overly expansionary monetary policy stance (particularly in the USA) fuelled speculation on stock markets; when the bubble burst, economies fell into recession. These mechanisms are explained in a theoretical model with three inter-acting markets for money, equities and goods.

Keywords: Financial Market Crisis; Overshooting; Analysis (search for similar items in EconPapers)
Date: 2010
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