A Regime Switching Equilibrium Model for Asset Bubbles


Our model combines an equilibrium approach for asset bubbles with a Markovian regime switching environment affecting the interest rate. An asset bubble is here defined as the difference between the minimal equilibrium price... [ view full abstract ]


  1. Georg Wehowar (Montanuniversität Leoben)
  2. Erika Hausenblas (Montanuniversität Leoben)

Topic Areas

Equilibrium Models , Macroeconomics , Stochastic Analysis


TH-P-UI » Equilibria: Bubbles and Transaction Costs (14:30 - Thursday, 19th July, Ui Chadhain)

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