Sandro C. Andrade, Jiangze Bian, Timothy R. Burch
November 7, 2012
We argue that coordinated mass dissemination of information about asset fundamentals should make asset markets less prone to bubbles. The key idea is to establish a centralized and popular information source to make key information common knowledge across as many market participants as possible. This realistic, micro-level anti-bubble policy faces fewer challenges than monetary policy and macro-prudential tools.