Student Seminar Spring 2007
Speculative Bubbles and Business Cycle Fluctuations
Teacher: Christian Groth
Some general course material
Outline of the seminar
Topics and literature
About
student seminars
A lecture note on forward-looking expectations and rational bubbles
Correction lists
Preparatory meetings
First meeting, Tuesday December 16, 2006, 12-13.
Second meeting: Tuesday Febr. 6th, 2007:
agenda
Third meeting: Tuesday Febr. 20th, 2007, 8.15-10, Det nye Seminarværelse.
Topic: Forwardlooking expectations and rational bubbles,
cont.
Material: second part of
lecture note. Peter
Garber: Famous First Bubbles.
Fourth meeting: Wednesday 7th March, 12-14, Hjørneværelset, 3rd floor to the
right:
Material: Eugene White:
The Stock Market Boom and Crash
of 1929 Revisited.
Fifth preparatory meeting: Wednesday 21st March, 12-14: Rational bubbles in general
equilibrium - are they possible?
Material: Lecture note. See also Tirole 1985.
Supplementary material
Course in Macro Finance in July 2007:
here
Paper: Milo
Bianchi and Phillippe Jehiel: Speculative Bubbles Without Stupid Investors, Dec.
2006.
Stiglitz: Symposium on Bubbles,
JEP, 4 (2), 1990.
Flood & Rodrick: On
testing for speculative bubbles, JEP, 4 (2), 1990.
Links
Speculative
behaviour
Stock markets
Background Material