Asset Pricing and Bubbles (ECO-AD-ASSPRIBUB)

ECO-AD-ASSPRIBUB


Department ECO
Course category ECO Advanced courses
Course type Course
Academic year 2021-2022
Term BLOCK 1
Credits ,5 (EUI Economics Department)
Professors
Contact Simonsen, Sarah
Sessions

Purpose

Course objective
This half-credit course covers the theory of rational bubbles in asset prices. It focuses on (i) the sources of asset bubbles, i.e., which frictions (dynamic inefficiency, financial frictions, agency problems...) may give rise to bubbly equilibria; (ii) their macroeconomic implications (for efficiency, growth, instability, capital flows, factor misallocation...); and (iii) their policy implications (for monetary, fiscal and macro-prudential policy).

Grading
Grading will be based on a referee report (50%) and a 20-minute in-class presentation (50%).

Description

see under goals

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Page last updated on 21 September 2018

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