Study on the relationship among asset price bubble, economic bubble and bubble economy

This paper analyses the bubble phenomenon in the real economy, regarding the bubble evolution as the main line, and respectively teases the connotation of asset price bubble, economy bubble and bubble economy; besides, this study dissects the distinction of bubble phenomenon in the aspect of carrier, scope and phase; also from the perspective of supply-demand relation, market mechanism and bubble evolution, the relationship among the three kinds of bubble phenomenon is analyzed. This research not only improves the existing theoretical system on asset price bubbles, but also provides a correct theoretical basis for government distinguishes the phase of bubbles.