On Testing for Speculative Bubbles

Specification Tests in Econometrics

1978 • 17,234 citations

The General Theory of Employment, Interest and Money.

1936 • 14,151 citations

The General Theory of Employment, Interest and Money, by John Maynard Keynes

1936 • 6,848 citations

Empirical exchange rate models of the seventies

1983 • 4,141 citations

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

1988 • 3,689 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 2,383 citations

Cointegration and Tests of Present Value Models

1987 • 2,166 citations

The monetary dynamics of hyperinflation

1956 • 1,603 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

Foundations of Finance.

1977 • 1,197 citations

Mean Reversion in Stock Prices

1996 • 1,111 citations

On the Possibility of Speculation under Rational Expectations

1982 • 971 citations

The Ricardian Approach to Budget Deficits

1989 • 924 citations

Formulating and estimating dynamic linear rational expectations models

1980 • 845 citations

Asset Bubbles and Overlapping Generations

1985 • 834 citations

Journal of monetary economics

1987 • 732 citations

The Determinants of the Variability of Stock Market Prices

1981 • 624 citations

Asset Bubbles and Overlapping Generations

1985 • 588 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 585 citations

Market Fundamentals versus Price-Level Bubbles: The First Tests

1980 • 539 citations

Speculative bubbles, crashes and rational expectations

1979 • 532 citations

Money and Growth: The Case of Long Run Perfect Foresight

1974 • 506 citations

Variance Bounds Tests and Stock Price Valuation Models

1986 • 497 citations

A Specification Test for Speculative Bubbles

1987 • 475 citations

Dividend variability and variance bounds tests for the rationality of stock market prices

1983 • 456 citations

Bubbles, Rational Expectations and Financial Markets

1982 • 384 citations

Rational Expectations and Econometric Practice

1984 • 380 citations

Dividend Innovations and Stock Price Volatility

1988 • 363 citations

Dividend Behavior for the Aggregate Stock Market

1987 • 316 citations

Bubbles, Fads and Stock Price Volatility Tests: A Partial Evaluation

1988 • 295 citations

Asset Prices in a Production Economy

1982 • 281 citations

Testing for Bubbles in Exchange Markets: A Case of Sparkling Rates?

1986 • 268 citations

The observable implications of self-fulfilling expectations

1985 • 262 citations

Rational expectations and the dynamic structure of macroeconomic models

1978 • 257 citations

Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?

1983 • 215 citations

Journal of Political Economy

2012 • 206 citations

Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations

1977 • 203 citations

An Unbiased Reexamination of Stock Market Volatility

1985 • 202 citations

On the Inception of Rational Bubbles

1987 • 180 citations

Tulipmania

1989 • 165 citations

Ruling out divergent speculative bubbles

1986 • 129 citations

An Economic Theory of Monetary Reform

1980 • 114 citations

Kalman filtering estimation of unobserved rational expectations with an application to the German hyperinflation

1982 • 110 citations

Asset Price Volatility, Bubbles, and Process Switching

1986 • 103 citations

The Dazzling Dollar

1985 • 78 citations

Rational inflationary bubbles

1988 • 77 citations

Some Evidence of Speculative Bubbles in the Foreign Exchange Markets

1987 • 63 citations

Is the Strong Dollar Sustainable

1985 • 59 citations

Empirical assessment of present value relations

1986 • 50 citations

A standard monetary model and the variability of the deutschemark-dollar exchange rate

1987 • 44 citations

Multi-country tests for price level bubbles

1984 • 43 citations

On the equivalence of solutions in rational expectations models

1983 • 39 citations

Speculation and the volatility of foreign currency exchange rates

1987 • 38 citations

Deleted Work

1955 • 0 citations