Jeffery Zhang

Jeffery Zhang is an assistant professor at the University of Michigan Law School. He teaches and writes on financial regulation.

Regulation

Economic Bubbles Can Be Constructive

Jared Bernstein

News media circulates with warnings about speculative bubbles in artificial intelligence and cryptocurrency, but history shows that not all bubbles are bad for the economy, and some may even aid long-term growth. In new research, Jared Bernstein, Aneil Kovvali and Jeffery Y. Zhang distinguish between constructive and destructive bubbles and suggest how the government and financial institutions can limit the consequences of the latter.

Jeffery Zhang

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