”bubbles”. In this paper, we provide a model-free test of rational bubbles and we apply it to the U.S. housing market. Based on …

's q ratio displays regular cycles of bubbles and crashes reflecting an agency problem between investors and producers. The … ; financial bubbles ; stock markets ; booms and crashes ; Tobin's q ; business cycles ; economic rents …

median path of Tobin’s q ratio displays regular, periodic cycles of bubbles and crashes reflecting an agency problem between … ; efficient markets ; financial bubbles ; stock markets ; booms and crashes ; Tobin’s q ; business cycles ; economic rents …

In this article, we developed a reliable method to detect house price bubbles using data for the largest Ukrainian … a bubble may be forming. In this paper, house price bubbles are detected with the help of two general approaches: ratio … prolonged period of house price bubbles is the one that coincides in time with the Global Financial Crisis - from late 2005 to …

, abound. While the role of investor contagion in asset bubbles has been explored extensively in the theoretical literature …