Gerdesmeier, Dieter; Roffia, Barbara; Reimers, Hans-Eggert - European Central Bank - 2009
considered to detect asset price busts. Considering a sample of 17 OECD industrialised countries and the euro area over the … price and house price markets and propose a criterion to identify the periods characterised by asset price busts, which has … with either house prices or stock prices dynamics turn out to be the best indicators which help to forecast asset price …