TY  - RPRT
AU  - Chang, Chia-Lin
AU  - Ilomäki, Jukka
AU  - Laurila, Hannu
AU  - McAleer, Michael
PY  - 2019
SN  - 2341-2356
UR  - https://hdl.handle.net/20.500.14352/17463
AB  - The paper investigates the effects of central bank interventions in financial markets, composed of asymmetrically-informed rational investors and noise traders. If the central bank suspects a bubble, it should lift the real risk-free rate to deflate...
LA  - eng
A3  - Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE)
KW  - Central bank intervention
KW  - Asymmetric information
KW  - Rational investors
KW  - Noise traders
KW  - Bubbles
KW  - Risk-free rate
KW  - Fisherian arbitrage
KW  - Inflation
KW  - Expectations
KW  - Money illusion.
TI  - Central Bank Intervention, Bubbles and Risk in Walrasian Financial Markets
TY  - technical report
VL  - 2019
ER  -