A practical anti-bubble prescription

(with Sandro Andrade and Jiangze Bian)


The Economists' Voice Vol 9, Nov. 2012


In this opinion column 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 bubble policy faces fewer challenges than monetary poicy and macro-prudential tools.



Click here for downloadable PDF file of the paper

If you have any problems, please email me at tburch@miami.edu


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