Detecting tranquil and bubble periods in housing markets a review and application of statistical methods

We provide a brief review of recent developments in research on price movements of real estate, especially bubbles, and highlight the gap between theoretical and statistical approaches to bubble detection. We also propose applying a top-down strategy to a bounds testing method (Pesaran et al. in J....

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Veröffentlicht in:	Recent econometric techniques for macroeconomic and financial data
1. Verfasser:	Nagayasu, Jun (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2021
Schlagworte:	Explosive bubbles > Mild bubbles > Rational bubbles > Stationarity > Threshold autoregressive distributed lag model > Aufsatz im Buch
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