Bursting Bubbles

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Author :
Publisher : Quiller
ISBN 13 : 9781846892790
Total Pages : 0 pages
Book Rating : 4.8/5 (927 download)

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Book Synopsis Bursting Bubbles by : Robert Walters

Download or read book Bursting Bubbles written by Robert Walters and published by Quiller. This book was released on 2018-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Bursting Bubbles, Robert Walters takes us on a journey to visit Champagne's great growers. Along the way, he reveals a secret history of Champagne and dispels many of the myths that still persist about this celebrated wine style. Controversial and ground breaking, Bursting Bubbles will change the way you think about Champagne.

Rational Bubbles

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Publisher : Springer Science & Business Media
ISBN 13 : 3642591817
Total Pages : 270 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Rational Bubbles by : Matthias Salge

Download or read book Rational Bubbles written by Matthias Salge and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3 On the Economic Relevance of Rational Bubbles 79 3. 1 Capital markets . . . . . . . . . 80 3. 1. 1 Efficient capital markets 86 3. 1. 2 Rational bubbles on capital markets. 93 3. 1. 3 Economic caveats . 103 3. 2 Foreign exchange markets 109 3. 3 Hyperinflation. . . . . . . 117 4 On Testing for Rational Bubbles 123 4. 1 Indirect tests . . . . . . . . . 123 4. 1. 1 Variance bounds tests 124 4. 1. 2 Specification tests . . . 137 4. 1. 3 Integration and cointegration tests 140 4. 1. 4 Final assessment of indirect tests . 150 4. 1. 5 A digression: Charemza, Deadman (1995) analysis. 151 4. 2 Direct tests . . . . . . . . . . . . . . . . . . . . . . . . 157 4. 2. 1 Deterministic bubble in German hyperinflation. 158 4. 2. 2 Intrinsic bubbles on stock markets. 163 4. 2. 3 An econometric caveat . . . . . 168 4. 2. 4 Final assessment of direct tests 172 5 On the Explanatory Power of Rational Bubbles on the G- man Stock Market 175 5. 1 Data . . . . . . . 175 5. 2 Direct test for rational bubbles 181 5. 2. 1 Temporary Markovian bubbles. 184 5. 2. 2 Temporary intrinsic bubbles . . 193 ix 5. 2. 3 Permanent intrinsic bubbles 198 5. 3 A digression: Testing for unit roots 204 6 Concluding Remarks 215 A Results 221 A. 1 Temporary markovian bubbles. 221 A. 2 Temporary intrinsic bubbles . . 225 A. 3 Permanent intrinsic bubbles - Class 1 to 2 229 A. 4 Permanent intrinsic bubbles - Class 3 to 6 230 A. 5 Integration tests. . . . . . . . . . . . . . .

Bursting Bubbles (Making Adversity Okay)

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Author :
Publisher : Balboa Press
ISBN 13 : 1982292385
Total Pages : 262 pages
Book Rating : 4.9/5 (822 download)

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Book Synopsis Bursting Bubbles (Making Adversity Okay) by : Mark Miljons-Rostoks

Download or read book Bursting Bubbles (Making Adversity Okay) written by Mark Miljons-Rostoks and published by Balboa Press. This book was released on 2021-11-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a diary written from a mini nursing home during the initial COVID-19 lockdowns in Melbourne, Australia. Mark Miljons-Rostoks offers a personal, reflective, and emotional account of a young quadriplegic man searching for meaning amid the global pandemic. He details the realities of life in care and how he plans to re-establish an inspiring life. It’s one massive vent-fest. A rare glimpse is given into a life that not many people know about, understand or can even imagine. He does this by undertaking a writing challenge that explores almost every facet of his life intimately. He also reflects on his life highlights prior to illness, fumbles his way through understanding some personal dilemmas in the present, then explores his ambitions as he plans for a brighter future when quarantine lifts. The author also recalls how he became quadriplegic after getting sick during a backpacking holiday to Europe, and how despite not being able to move his limbs he is determined that he was put here to thrive—not survive. There are highs and lows, obscure ideas and confessions, revelations and humorous accounts, and blimey even some shocking truths exposed. But above all, a raw, robust, resilient human spirit shines through in the face of adversity.

The Euro Trap

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Author :
Publisher : OUP Oxford
ISBN 13 : 0191006661
Total Pages : 368 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis The Euro Trap by : Hans-Werner Sinn

Download or read book The Euro Trap written by Hans-Werner Sinn and published by OUP Oxford. This book was released on 2014-07-31 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. The euro induced huge capital flows from the northern to the southern countries of the Eurozone that triggered an inflationary credit bubble in the latter, deprived them of their competitiveness, and made them vulnerable to the financial crisis that spilled over from the US in 2007 and 2008. As private capital shied away from the southern countries, the ECB helped out by providing credit from the local money-printing presses. The ECB became heavily exposed to investment risks in the process, and subsequently had to be bailed out by intergovernmental rescue operations that provided replacement credit for the ECB credit, which itself had replaced the dwindling private credit. The interventions stretched the legal structures stipulated by the Maastricht Treaty which, in the absence of a European federal state, had granted the ECB a very limited mandate. These interventions created a path dependency that effectively made parliaments vicarious agents of the ECB's Governing Council. This book describes what the author considers to be a dangerous political process that undermines both the market economy and democracy, without solving southern Europe's competitiveness problem. It argues that the Eurozone has to rethink its rules of conduct by limiting the role of the ECB, exiting the regime of soft budget constraints and writing off public and bank debt to help the crisis countries breathe again. At the same time, the Eurosystem should become more flexible by offering its members the option of exiting and re-entering the euro - something between the dollar and the Bretton Woods system - until it eventually turns into a federation with a strong political power centre and a uniform currency like the dollar.

Bursting the Bubble: Rationality in a Seemingly Irrational Market

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1952927110
Total Pages : 206 pages
Book Rating : 4.9/5 (529 download)

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Book Synopsis Bursting the Bubble: Rationality in a Seemingly Irrational Market by : David F. DeRosa

Download or read book Bursting the Bubble: Rationality in a Seemingly Irrational Market written by David F. DeRosa and published by CFA Institute Research Foundation. This book was released on 2021-04-02 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The presence of speculative bubbles in capital markets (an important area of interest in financial history) is widely accepted across many circles. Talk of them is pervasive in the media and especially in the popular financial press. Bubbles are thought to be found primarily in the stock market, which is our main interest, although bubbles are said to occur in other markets. Bubbles go hand in hand with the notion that markets can be irrational. The academic community has a great interest in bubbles, and it has produced scholarly literature that is voluminous. For some economists, doing bubble research is like joining the vanguard of a Kuhnian paradigm shift in economic thinking. Not so fast. If bubbles did exist, they would pose a serious challenge to neoclassical finance. Bubbles would contradict the ideas that markets are rational or work in an informationally efficient manner. That’s what makes the topic of bubbles interesting. This book reviews and evaluates the academic literature as well as some popular investment books on the possible existence of speculative bubbles in the stock market. The main question is whether there is convincing empirical evidence that bubbles exist. A second question is whether the theoretical concepts that have been advanced for bubbles make them plausible. The reader will discover that I am skeptical that bubbles actually exist. But I do not think I or anyone else will ever be able to conclusively prove that there has never been a bubble. From studying the literature and from reading history, I find that many famous purported bubbles reflect inaccurate history or mistakes in analysis or simply cannot be shown to have existed. In other instances, bubbles might have existed. But in each of those cases, there are credible rational explanations. And good evidence exists for the idea that even if bubbles do exist, they are not of great importance to understanding the stock market.

When Bubbles Burst

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Author :
Publisher : Hachette UK
ISBN 13 : 1857889045
Total Pages : 250 pages
Book Rating : 4.8/5 (578 download)

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Book Synopsis When Bubbles Burst by : John Calverley

Download or read book When Bubbles Burst written by John Calverley and published by Hachette UK. This book was released on 2011-01-11 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: A meticulous examination of the financial crisis of 2008, exploring the implications and solutions for individuals, companies, and central banks.

Boom and Bust

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108369359
Total Pages : 297 pages
Book Rating : 4.1/5 (83 download)

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Book Synopsis Boom and Bust by : William Quinn

Download or read book Boom and Bust written by William Quinn and published by Cambridge University Press. This book was released on 2020-08-06 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

Burst the Bubble

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Author :
Publisher :
ISBN 13 : 9780816363414
Total Pages : 153 pages
Book Rating : 4.3/5 (634 download)

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Book Synopsis Burst the Bubble by : Sung Kun Kwon

Download or read book Burst the Bubble written by Sung Kun Kwon and published by . This book was released on 2017 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Champagne

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Author :
Publisher : Allen & Unwin
ISBN 13 : 1760639974
Total Pages : 304 pages
Book Rating : 4.7/5 (66 download)

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Book Synopsis Champagne by : Robert Walters

Download or read book Champagne written by Robert Walters and published by Allen & Unwin. This book was released on 2017-11-22 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A brilliant and appealing book. The story it tells is fascinating and compelling, leaving me thirsty to try some of the wines that are its subject' - Tim James, Wine Mag Once upon a time, the region of Champagne produced only still wines - wines that were not meant to sparkle. If a Champagne had bubbles in it, it was faulty, undrinkable, an abomination. How did Champagne go from vin du diable ('devil's wine') to Veuve Clicquot? And how did the rise of a group of artisanal producers in Champagne over the last twenty years challenge everything we thought we knew about this famous wine and region? In Champagne: A secret history, Robert Walters takes us on a journey to visit these great growers. Along the way, he reveals the clandestine history of the region and dispels many of the myths that persist about the world's most celebrated wine style. Controversial and ground-breaking, this book will change the way you think about Champagne.

Boombustology

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118028570
Total Pages : 287 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Boombustology by : Vikram Mansharamani

Download or read book Boombustology written by Vikram Mansharamani and published by John Wiley & Sons. This book was released on 2011-02-08 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multi-disciplinary framework through which to spot financial bubbles before they burst. Based on a popular undergraduate seminar, entitled Financial Booms & Busts, taught by the author at Yale University, Boombustology presents a multi-disciplinary framework for identifying unsustainable booms and forthcoming busts. The magnitude of our recent financial crisis mandates a firm understanding of this phenomenon before the next crisis occurs. Boombustology provides an in-depth look at several major booms and busts and offers a solid framework for thinking about future occurrences. Examines why booms and busts are not random and can therefore be identified Focuses upon various theoretical and disciplinary lenses useful in the study of booms and busts Contains a framework for thinking about and identifying forthcoming financial bubbles including several tell-tale indicators of a forthcoming bust. Illustrates the framework in action by evaluating China as a potential bubble in the making. If you want to make better decisions in today’s turbulent investment environment, understanding the dynamics of booms and busts is the best place the start. Boombustology can help you achieve this elusive goal. Vikram Mansharamani is a Lecturer at Yale University and a global equity investor.

Magnetic Resonance Microscopy

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Publisher : John Wiley & Sons
ISBN 13 : 3527827250
Total Pages : 468 pages
Book Rating : 4.5/5 (278 download)

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Book Synopsis Magnetic Resonance Microscopy by : Sabina Haber-Pohlmeier

Download or read book Magnetic Resonance Microscopy written by Sabina Haber-Pohlmeier and published by John Wiley & Sons. This book was released on 2022-04-20 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Magnetic Resonance Microscopy Explore the interdisciplinary applications of magnetic resonance microscopy in this one-of-a-kind resource In Magnetic Resonance Microscopy: Instrumentation and Applications in Engineering, Life Science and Energy Research, a team of distinguished researchers delivers a comprehensive exploration of the use of magnetic resonance microscopy (MRM) and similar techniques in an interdisciplinary milieux. Opening with a section on hardware and methodology, the book moves on to consider developments in the field of mobile nuclear magnetic resonance. Essential processes, including filtration, multi-phase flow and transport, and a wide range of systems – from biomarkers via single cells to plants and biofilms – are discussed next. After a fulsome treatment of MRM in the field of energy research, the editors conclude the book with a chapter extoling the virtues of a holistic treatment of theory and application in MRM. Magnetic Resonance Microscopy: Instrumentation and Applications in Engineering, Life Science and Energy Research also includes: A thorough introduction to recent developments in magnetic resonance microscopy hardware and methods, including ceramic coils for MR microscopy Comprehensive explorations of applications in chemical engineering, including ultra-fast MR techniques to image multi-phase flow in pipes and reactors Practical discussions of applications in the life sciences, including MRI of single cells labelled with super paramagnetic iron oxide nanoparticles In-depth examinations of new applications in energy research, including spectroscopic imaging of devices for electrochemical storage Perfect for practicing scientists from all fields, Magnetic Resonance Microscopy: Instrumentation and Applications in Engineering, Life Science and Energy Research is an ideal resource for anyone seeking a one-stop guide to magnetic resonance microscopy for engineers, life scientists, and energy researchers.

Asset Bubbles

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Author :
Publisher : International Monetary Fund
ISBN 13 : 147557620X
Total Pages : 59 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Asset Bubbles by : Bradley Jones

Download or read book Asset Bubbles written by Bradley Jones and published by International Monetary Fund. This book was released on 2015-02-11 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: In distilling a vast literature spanning the rational— irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more informationally-efficient, more complete, and more heavily influenced by sophisticated (i.e. presumably rational) institutional investors. Candidate explanations for bubble persistence—such as limits to learning, frictional limits to arbitrage, and behavioral errors—seem unsatisfactory as they are inconsistent with the aforementioned trends impacting global capital markets. In lieu of the short-term nature of the asset owner—manager relationship, and the momentum bias inherent in financial benchmarks, I argue that the business risk of asset managers acts as strong motivation for institutional herding and ‘rational bubble-riding.’ Two key policy implications follow. First, procyclicality could intensify as institutional assets under management continue to grow. Second, remedial policies should extend beyond the standard suite of macroprudential and monetary measures to include time-invariant policies targeted at the cause (not just symptom) of the problem. Prominent among these should be reforms addressing principal-agent contract design and the implementation of financial benchmarks.

Droplet Generation by Bursting Air Bubbles in Viscous Liquids

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Author :
Publisher :
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Droplet Generation by Bursting Air Bubbles in Viscous Liquids by : Ti-lin Kuo

Download or read book Droplet Generation by Bursting Air Bubbles in Viscous Liquids written by Ti-lin Kuo and published by . This book was released on 1990 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Perspectives on Asset Price Bubbles

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199939403
Total Pages : 480 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis New Perspectives on Asset Price Bubbles by : Douglas D. Evanoff

Download or read book New Perspectives on Asset Price Bubbles written by Douglas D. Evanoff and published by Oxford University Press. This book was released on 2012-02-08 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now triggered a debate about the emergence of a sequence of repeated bubbles in the Nasdaq market, housing market, credit market, and commodity markets. The realities of the crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles and their potentially adverse economic impact if poorly managed. Taking a novel approach, the editors of this book present five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay highlights the lessons learned and experiences gained since the crisis.

Bubbles, Booms, and Busts

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Author :
Publisher : Springer
ISBN 13 : 1493910922
Total Pages : 351 pages
Book Rating : 4.4/5 (939 download)

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Book Synopsis Bubbles, Booms, and Busts by : Donald Rapp

Download or read book Bubbles, Booms, and Busts written by Donald Rapp and published by Springer. This book was released on 2014-11-14 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect.

When Bubbles Burst

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Author :
Publisher : Nicholas Brealey
ISBN 13 : 1473645182
Total Pages : 228 pages
Book Rating : 4.4/5 (736 download)

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Book Synopsis When Bubbles Burst by : John P. Calverley

Download or read book When Bubbles Burst written by John P. Calverley and published by Nicholas Brealey. This book was released on 2011-01-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surviving the financial fallout John Calverley's new book is about understanding what's going on, how policy impinges on it, what investors can do and what is likely to happen. This extremely topical and timely new book from the well-known economist and Head of Research, Standard Chartered Bank is the first book to examine in depth the financial fallout of 2008 and explore the implications and solutions for individuals, companies and central banks. His previous book, Bubbles and How to Survive Them predicted the current financial situation. He warned vigorously of the danger from the housing bubble and warned that stock prices might take off again and reach vulnerable levels (as indeed occurred in 2006-7.) This essential readable, non-technical guide is essential reading for everyone and particularly for investment professionals everywhere. In this new book - an investor's survival kit - he: * Outlines the crises we now face and reviews how we got here. * Looks closely at the huge housing bubbles in UK and the US, as well as those in Australia, Spain, Japan and Hong Kong. * Explores the anatomy of bubbles and presents a checklist for identifying them. * Tells the story of how the housing bubble led to the current financial crisis and how far prices might fall, focusing on household debt as the value of household assets collapse. * Examines strategies for investors, who must try to avoid bubbles or, more dangerously, seek them out and ride them. * Reveals what will happen next.

Optimal Macroprudential Policy and Asset Price Bubbles

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513512668
Total Pages : 51 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Optimal Macroprudential Policy and Asset Price Bubbles by : Nina Biljanovska

Download or read book Optimal Macroprudential Policy and Asset Price Bubbles written by Nina Biljanovska and published by International Monetary Fund. This book was released on 2019-08-30 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. We show analytically and quantitatively that the macroprudential policy should optimally respond to building asset price bubbles non-monotonically depending on the underlying level of indebtedness. If the level of debt is moderate, policy should accommodate the bubble to reduce the incidence of a binding collateral constraint. If debt is elevated, policy should lean against the bubble more aggressively to mitigate the pecuniary externalities from a deflating bubble when constraints bind.