Ruling out divergent speculative bubbles

Bank Runs, Deposit Insurance, and Liquidity

1983 • 8,993 citations

Do Sunspots Matter?

1983 • 991 citations

Asset Bubbles and Overlapping Generations

1985 • 834 citations

Self-fulfilling prophecies

1981 • 797 citations

Functional equivalence between liquidity costs and the utility of money

1986 • 631 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

Bubbles, Rational Expectations and Financial Markets

1982 • 459 citations

A simple perfect foresight monetary model

1975 • 273 citations

Crises in the economic and financial structure

1983 • 271 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

SELF-FULFILLING PROPHECIES AND THE BUSINESS CYCLE

1997 • 113 citations

On the indeterminacy of interest rates and wages with perfect foresight

1978 • 103 citations

Uniqueness of the price level in monetary growth models with rational expectations

1974 • 95 citations

Bank runs, the deposit-currency ratio and the interest rate

1985 • 68 citations

Dynamic Instability in Rational Expectations Models: An Attempt to Clarify

1984 • 60 citations

Dynamic Instability in Rational Expectations Models: An Attempt to Clarify

1982 • 52 citations

Multiple Stable Equilibria in an Optimizing Perfect-Foresight Model

1984 • 43 citations

A hybrid fiat—Commodity monetary system

1981 • 29 citations