Nagayasu, Jun - In: Recent econometric techniques for macroeconomic and …, (pp. 79-111). 2021
We provide a brief review of recent developments in research on price movements of real estate, especially bubbles, and … highlight the gap between theoretical and statistical approaches to bubble detection. We also propose applying a top … bubbles. Furthermore, by introducing nonlinearity into the autoregressive distributed lag model, we modify the bounds test to …
