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

Número: 
753
Publicado: 
Clasificación JEL: 
C22, G12, R31
Palabras clave: 
Housing-price bubbles, Unit-root tests, Colombia

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