underpricing of risk made possible by regulatory arbitrage and shadow financing fueled the credit and twin real estate bubbles of … the mid-2000s. Across countries and over time bubbles have been particularly acute in real estate markets reflecting not …

explain how economies (mis)allocate resources during bubbles. A 15%-20% property price drop could cause recession, if China …

speculative bubbles in Germany over the sample period 1987Q3 - 2012Q4. Overall, we find that actual house prices are not … significantly disconnected from underlying economic fundamentals. Thus, there is no evidence of speculative house price bubbles in …

We present a hybrid model for diagnosis and critical time forecasting of real estate bubbles. The model combines two … that the model is able to forecast the end of the bubbles and to identify variables highly relevant during the bubble …

This paper proposes a framework for analysing speculative bubbles in housing markets. The formation of bubbles is … autonomous bubbles, and the individual connectivity index identifying systematically important sub-markets. We illustrate our … Melbourne bubble network is an autonomous one, speculative bubbles in the Sydney market are highly interconnected, and show a …