Working Paper

Testing for speculative bubbles in stock prices


Abstract: A modification of Kenneth West's method for investigating speculative bubbles in stock prices, in which a direct test of the \"no bubble\" hypothesis is applied to long-term annual U.S. stock-market data.

Keywords: Stock - Prices;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1988

Number: 8807