Research Discussion Paper – RDP 9501 Modern Approaches to Asset Price Formation: A Survey of Recent Theoretical Literature


I thank John Broadbent, Michele Bullock, David Gruen and Ian Macfarlane for their useful comments and suggestions. They should, of course, be absolved from any remaining errors or inaccuracies. The views expressed in the paper are those of the author and do not necessarily reflect the views of the Reserve Bank of Australia.