Housing prices in the US rose rapidly from 2000-2007Q3. Based on this evidence, the financial and general press concluded the US experienced a housing bubble. The efficient market theory denies the possibility of a bubble. This paper applies the statistical technique of cointegration to...

We employ a recursive econometric technique to identify and date multiple financial bubbles in five countries, the US, UK, France, Germany, and Japan. We identify multiple bubbles in each country except Germany for the period, 1973-March 2018. These bubbles are classified into three groups, each...

This paper presents an overview of several econometric tools available to test for the presences of asset price bubbles. For demonstrative purpose, the tools were applied to historical stock price and dividend data starting from 1871 through 2014. The earliest tools developed were Shiller's...

This paper presents an overview of several econometric tools available to test for the presences of asset price bubbles. For demonstrative purpose, the tools were applied to historical stock price and dividend data starting from 1871 through 2014. The earliest tools developed were Shiller's...