Bubble and Bubble Economy -- Unbalanced Analysis

Author: Wang Ziming
Publisher:
Publish Date: 2002-07-01
Features: Dedicated to my mentor, Researcher Zhao Haiquan, as well as all the teachers who have taught me, and to all my classmates and friends who encouraged and supported me! The issue of bubbles and the bubble economy is related to economic operations, financial security, wealth distribution, and investment decisions, affecting everyone's personal interests. This book conducts a comprehensive and systematic study of the theoretical and practical issues related to it. The book is divided into eight chapters, primarily addressing the following questions: What are bubbles and the bubble economy? How are bubbles measured? Do bubbles exist? What is the mechanism behind bubble formation? What are the types of bubbles? From an equilibrium perspective, do bubbles exist? How do bubbles affect the social and economic environment? What are the causes of bubbles? How can economic data be used to test the existence of bubbles? How can the bubble economy be prevented and managed? Finally, empirical research is conducted on typical cases. The book draws on a large number of academic literatures and makes progress in certain aspects, reflecting the latest achievements in the field of bubble research. This book can serve as a reference for graduate students in economics and finance, economic theorists, investors, and policymakers.