This paper provides an early warning indicator for bubbles in financial markets. The indicator is based on traditional … consensus bubbles and gives warning signals well ahead of the crash, in most cases as early as 12 months ahead. The indicator … also signals most of the 'negative bubbles' before their turning points …

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 …

Asset price bubbles have fascinated economists for decades. In consequence, the literature on bubbles and their … rational bubbles. We focus in particular on recently developed bubble detection methods, namely recursive unit root tests … prices. As a result, they avoid testing a joint hypothesis of the presence of rational bubbles and the validity of the model …

bubbles at a national level in six selected European countries, namely France, Germany, Italy, Netherlands, Spain, and the …-McGrevy and Phillips (2016) to estimate bubbles contagion among these real estate markets. We found evidence of housing prices … COVID-19 pandemic period, pushing prices higher, suggesting that speculators anticipated capital gains. In terms of bubbles …

Major bubble episodes are rare events. In this paper, we examine what factors might cause some asset price bubbles to …

We study the existence and international transmission of housing market bubbles, using quarterly information of twenty … OECD countries for the period comprised between 1970 and 2015. We find that housing bubbles are present in all the … countries included in our sample. Multiple bubbles are found in all but two of those countries. We find five episodes of …