asset pricing in line with rational bubbles. We show that the response of the excessive stock price component to a monetary …

method works, we apply it to data for Denmark and Sweden. We find a tendency for actual house prices to converge on …

price bubbles. Against this background, the paper evaluates if new advances in real-time bubble detection, as brought … the bubbles in the sample. Therefore, the paper suggests a combination approach of different bubble indicators which helps … to account for the uncertainty around start and end dates of asset price bubbles. Additionally, the paper then …