When bubble meets bubble : contagion in OECD countries

Número: 
942
Publicado: 
Clasificación JEL: 
G01, G12, C22
Palabras clave: 
Housing Bubbles, International Migration of Bubbles, Recursive Right-Tailed Unit Root Tests

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Andrés Nicolás Herrera-Rojas, David Camilo López-Valenzuela, Juan José Ospina-Tejeiro, Jesús Antonio Bejarano-Rojas
Jaime Alfredo Bonet-Moron, Yuri Carolina Reina-Aranza, Adriana Ortega, Ana Rosa Polanco

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