Dieter, Gerdesmeier; Hans-Eggert, Reimers; Barbara, Roffia - In: Folia Oeconomica Stetinensia 9 (2010) 1, pp. 1-23
The paper applies a new bubble test checking the explosiveness of asset prices, especially real stock prices, real house prices and a combination of these prices. In this study, a sample of 17 OECD industrialised countries and the euro area over the period 1969 Q1 - 2010 Q2 is investigated. The...