Testing for rational bubbles in the US housing market

BK Kivedal - Journal of Macroeconomics, 2013 - Elsevier
… how these methods are able to test for a housing bubble prior … An increase in house prices
could be a result of decreasing … from the Board of Governors of the Federal Reserve System. …

Federal reserve policy and the housing bubble

LH White - Cato J., 2009 - HeinOnline
… the results of a laissez-faire monetary and financial system. … moves by the Federal Reserve
System and novel federal regulatory … of new immigrants, we can expect US house prices and …

Speculative bubbles or market fundamentals? An investigation of US regional housing markets

S Shi - Economic Modelling, 2017 - Elsevier
… For example, the Federal Reserve Bank of Dallas is now … period running from 1992:H1 to
1999:H1, while tests based on … 21 MSA housing markets (ranges from 2 to 8), results from the …

Explaining the housing bubble

AJ Levitin, SM Wachter - Geo. LJ, 2011 - HeinOnline
… benefited from presentations at the Federal Reserve Bank of … that the bubble was the result
of the Federal Reserve holding … housing prices, thereby fueling a bubble as higher housing

Monetary policy and the housing bubble

JF McDonald, HH Stokes - The Journal of Real Estate Finance and …, 2013 - Springer
… rate policy of the Federal Reserve Bank during the critical years … most rapid inflation in housing
prices. He argues that, if the … the housing price equation increase housing prices, a result

[PDF][PDF] TESTING FOR BUBBLES IN THE HOUSING MARKET: FURTHER EVIDENCE FROM TURKEY.

F Zeren, OS Ergüzel - Financial Studies, 2015 - ipe.ro
… For example, as a result of Turkish Republic Central Bank’s … in housing market and price
increases are bubble or a revival in the … a New Method”, Federal Reserve Bank of Dallas …

No‐bubble condition: Model‐free tests in housing markets

S Giglio, M Maggiori, J Stroebel - Econometrica, 2016 - Wiley Online Library
methodology of directly testing for classic rational bubbles in … a bubble; however, our results
show that no classic rational … around the effects of central banks “leaning against the wind” …

On testing for speculative bubbles

RP Flood, RJ Hodrick - Journal of economic perspectives, 1990 - aeaweb.org
… by two different methods. In Casella's application to the German hyperinflation, the bubble test
bubble test on the German data, her results are consistent with the presence of price-level …

Is there a bubble in the housing market?

KE Case, RJ Shiller - Brookings papers on economic activity, 2003 - muse.jhu.edu
… Second, we present the results of a new questionnaire survey … The cyclical process that
we observed in the 1980s in those … my first job at the Federal Reserve Bank of Boston, where …

Measuring house price bubbles

SC Bourassa, M Hoesli, E Oikarinen - Real Estate Economics, 2019 - Wiley Online Library
Using data for six metropolitan housing markets in three … Our results show that it is possible
to identify bubbles as they … Other regression approaches involve unit root tests of house prices