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Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the stock market might be overvalued.
Irrational Exuberance is a book by American economist Robert J. Shiller of Yale University, published March 2000. [1] The book examines economic bubbles in the 1990s and early 2000s, and is named after Federal Reserve Chairman Alan Greenspan's famed 1996 comment about "irrational exuberance" warning of such a possible bubble.
Irrational exuberance is a term used in 1996 by Alan Greenspan, then chairman of the U.S. Federal Reserve Board, with regards to equity prices in the United States. Irrational exuberance may also refer to: Irrational Exuberance, by Robert Shiller, which expanded on the theme of Greenspan quote