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 …

dynamics of house prices in Denmark in order to identify emerging bubbles in due time. We develop a fundamentals-adjusted house … price index and apply the testing procedure of Phillips et al. (2015) to date-stamp house-price bubbles. The empirical …

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 …

, there are theoretical reasons to believe that the price-rent ratio is a poor signal for bubbles. It may be that the ratio is … is not a reliable indicator of bubbles …

This paper investigates whether there are bubbles in stock prices. We do this using a previously studied structural … tandem with their fundamentals. We therefore find no evidence in favor of stock price bubbles in all the countries invested. …

Abreu and Brunnermeier (2003) have argued that bubbles are not suppressed by arbitrageurs because they fail to … with the alternative according to which bubbles persist due to the difficulty of agreeing on the end of bubbles. We present …. We find overwhelming evidence that the beginning of bubbles is much better constrained that their end. Our results are …

Inspired by the question of identifying the start time τ of financial bubbles, we address the calibration of time …. Applied to synthetic models of financial bubbles with a well-defined transition regime and to a number of financial time …-defined reasonable determinations of the starting times for major bubbles such as the bubbles ending with the 1987 Black-Monday, the 2008 …

properties for detecting bubbles. Empirical analysis using price-dividend ratios of S&P500 highlights the advantages of our …

applications of linear regression models. It is rather surprising that existing theory as well as practice focuses on testing for …