Escobari, Diego; Damianov, Damian; Bello, Andres - In: Journal of Economics and Finance 39 (2015) 1, pp. 136-152
In this paper we propose a new time series empirical test to identify housing bubble periods. Our test estimates the beginning and the burst of bubbles as structural breaks in the difference between the appreciation rates of the Case-Shiller price tiers. We identify the relevant periods by...
