Balcilar, Mehmet; Katzke, Nico; Gupta, Rangan - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-18, pp. 1-33
In this paper the authors set out to date-stamp periods of US housing price explosivity for the period 1830-2013. They … explosivity with respect to its past behaviour and when it recedes to long term stable prices. The first technique used is the … explosivity. The second approach makes use of Robinson's test statistic (Efficient tests of nonstationary hypotheses, 1994 …