Testing for bubbles in housing markets : new results using a new method

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Borradores de Economía; No. 753
Date published
2013-01-30
Date of last update
2013-01-30
Author
Gómez-González, José Eduardo
Ojeda-Joya, Jair N.
Rey-Guerra, Catalina
Sicard, Natalia
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
In the context of financial crises influenced by the development and burst of housing price bubbles, the detection of exuberant behaviors in the financial market and the implementation of early warning diagnosis tests are of vital importance. This paper a
JEL Codes
C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processesG12 - Asset Pricing; Trading Volume; Bond Interest RatesR31 - Housing Supply and Markets
Keywords
Housing-price bubbles ; Unit-root tests ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5893
https://hdl.handle.net/20.500.12134/5893
https://doi.org/10.32468/be.753
https://ideas.repec.org/p/bdr/borrec/753.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit