Sobieraj, Janusz; Metelski, Dominik - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-29
In the study we use the right-tail unit root test to analyse the presence of mild explosive dynamics (exuberance) in … secondary market, we were able to demonstrate the existence of episodes of mild explosive dynamics for 13 of the 17 cities … incomes tend to mitigate the explosive dynamics and change the context in which the whole issue of housing bubbles is viewed …