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Sep 2026

Detecting and Explaining NASDAQ Bubbles: Evidence from GSADF Tests and a DSGE–Asset Pricing Model

This paper provides a timely detection method of an emerging bubble in the NASDAQ Composite Index using the Generalized Supremum Augmented Dickey-Fuller test. The detected bubbles are then analyzed with the help of a Dynamic Stochastic General Equilibrium–Asset Pricing (AP) model, which combines economic fundamentals...

Bing Gong, Si-Yao Yang, Min Zhu · 0 citations

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