Asset prices: not fully inflated
economist.com, 7 December 2013
Once again talk of bubbles is in the air and recent signs indicate that wealthy investors have become increasingly confident. The question asked in this article is whether they are right to be? Research by Dimitri Vayanos and Paul Woolley (both of the Paul Woolley Centre), in which they suggest that problems of agency contribute to bubbles, is quoted in the article. Read more.