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Flutuações nos preços dos ativos: uma comparação entre as bolhas especulativas racionais e a contribuição keynesiana

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  • Curado, Marcelo

Abstract

Asset price fluctuations: comparing rational speculative bubbles and the keynesian approach The principal aim of this paper is to analyze the limits of the conventional approach to speculative rational bubbles as an explanation for price fluctuations in financial assets. It is argued that the empirical evidence suggests that Keynesian approaches are more useful for understanding these fluctuations than the rational bubbles literature.

Suggested Citation

  • Curado, Marcelo, 2006. "Flutuações nos preços dos ativos: uma comparação entre as bolhas especulativas racionais e a contribuição keynesiana," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 26, pages 1-21, June.
    • Handle: RePEc:euc:ancoec:v:26:y:2006:p:57-77
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    File URL: http://www.eco.unicamp.br/docdownload/publicacoes/instituto/revistas/economia-e-sociedade/V15-F1-S26/04_Marcelo_Curado.pdf
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    More about this item

    Keywords

    Asset price fluctuations; Rational speculative bubbles; Financial instability.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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