"This unique and thoughtfully constructed volume systematically reconsiders recent classic contributions to formal theoretical modeling of asset pricing bubbles. The originality and comprehensiveness of the collection is as impressive as the star-studded cast of contributors. A must read for anyone trying to come to grips with the new directions in monetary policy and macroprudential financial regulation."--Charles W. Calomiris, Columbia Business School
"Perhaps the most important, but most intractable, question for monetary policy today is whether, and if so how, a Central Bank should lean against a strong asset price boom. This book collects contributions from the best and brightest economists in the field to discuss this issue. I thoroughly recommend it."--C. Goodhart, London School of Economics
"The experience of the last several years has reminded us that central banks face no greater challenge than maintaining financial stability. This volume does a masterful and innovative job of bringing the reader up to date on the issues and also offering interesting and balanced new perspectives." --Mark Gertler, New York University