Bolt, Wilko; Demertzis, Maria; Diks, Cees; Hommes, Cars; … - Directorate-General Economic and Financial Affairs, … - 2014
This paper provides a method for identifying when rising house prices are in danger of becoming bubbles on the verge of bursting. As a result, it is a first step towards establishing an early warning system for house price changes that could help prevent important welfare costs. By examining...