In this paper, the authors construct country-specific chronologies of the house price bubbles for 12 OECD countries … price bubbles than the signalling approach. Furthermore, the predictive accuracy of the logit and probit models is high … enough to make them useful in forecasting future speculative bubbles in housing market. Thus, this method can be used by the …

In this paper, we construct the country-specific chronologies of the house price bubbles for 12 OECD countries over the … models. It is shown that the latter two models allow much more accurate predictions of the house price bubbles than the … future speculative bubbles in housing market. Thus, our method can be used by the policymakers in their attempts to timely …

that SPC in general might be a useful tool in constructing early warning systems for asset price bubbles. …