of housing bubbles that predicts that places with more elastic housing supply have fewer and shorter bubbles, with … going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model … smaller price increases. However, the welfare consequences of bubbles may actually be higher in more elastic places because …

of housing bubbles that predicts that places with more elastic housing supply have fewer and shorter bubbles, with … going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model … smaller price increases. However, the welfare consequences of bubbles may actually be higher in more elastic places because …

This paper provides new empirical evidence on housing bubble timing, volatility spillover, and bubble contagion between … housing prices. Second, we analyze the volatility spillover in housing prices between Japan and its economic partners using …'s housing market. Moreover, we find evidence of volatility spillover effects and bubble contagion between Japan's real estate …

: house prices, housing supply (new dwelling consents), residential vacant land (lot) prices, and average rents. Long run …

that SPC in general might be a useful tool in constructing early warning systems for asset price bubbles. -- statistical … process control ; real estate ; asset prices bubbles ; early warning systems …