of perverse incentives and moral hazard that often gives rise to yet another round of bubbles. The US central bank …'s current premise is that policymakers cannot and should not target asset bubbles. However, the housing story has rendered … untenable the prevailing belief that bubbles are impossible to spot ahead of time. The warning signals were ubiquitous - for …

This paper investigates the presence of the bubbles that are experienced in the global vanilla (VNL) price, using the … GSADF approach. The results show that there are five bubbles in the VNL price that are driven by specific reasons. Also, in … formation, as well as the rupture of the bubbles. It has also been noted that the cyclone Hudah and the monopoly of the cartels …

We provide a brief review of recent developments in research on price movements of real estate, especially bubbles, and … bubbles. Furthermore, by introducing nonlinearity into the autoregressive distributed lag model, we modify the bounds test to …

Generalized sup ADF (GSADF) test procedure developed by Phillips, Shi, and Yu (Testing for Multiple Bubbles: Historical Episodes …

Generalized supADF (GSADF) test procedure developed by Phillips et al. (Testing for multiple bubbles: Historical episodes of …