of a speculative price bubble are raised. However, studies on bubbles in house prices are scarce and provide mixed …-of-the-art methodology we test for speculative bubbles both at a national and at the city level. Furthermore, we apply two new testing … definition of a speculative bubble: We define price movements as bubbles when explosive growth of prices is not supported by …

the presence and development of speculative bubbles in the financial and real estate markets. The analysis is extended in …

and date-stamping financial bubbles. In Monte Carlo simulations, we show that the SADF and GSADF tests may reveal …). Simulating stock-price trajectories that contain these parametric bubbles, we demonstrate that the SADF and GSADF tests can have …