When bubble meets bubble : contagion in OECD countries

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Borradores de Economía; No. 942

Date published

2016-05-17

Date

2016-05-17

Authors

Gómez-González, José Eduardo
Gamboa-Arbeláez, Juliana
Hirs-Garzón, Jorge
Pinchao-Rosero, Andrés D.

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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

We study the existence and international migration of housing market bubbles, using quarterly information of twenty OECD countries for the period comprised between 1970 and 2015. We find that housing bubbles are present in all the countries included in ou

Description

JEL Codes

G01 - Financial Crises
G12 - Asset Pricing; Trading Volume; Bond Interest Rates
C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processes

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Keywords

Keywords

Housing bubbles , International migration of bubbles , Recursive right-tailed unit root tests

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6253
 https://hdl.handle.net/20.500.12134/6253
 https://ideas.repec.org/p/bdr/borrec/942.html
 https://doi.org/10.32468/be.942

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito