evidence of episodic bubbles in the New Zealand property market over the past two decades. The results show clear evidence of a …

. Consistency of the dating estimators is established and the limit theory addresses new complications arising from the alternative …

sources such as financial speculation and excessive credit creation do inflict harm on the real economy. Detecting speculative …

. Consistency of the dating estimators is established and the limit theory addresses new complications arising from the alternative …

the foreign exchange market, creating bubbles which subsequently burst at the end of 2008, just as the effects on the real …

dating financial bubbles. These procedures are useful as warning alerts in surveillance strategies conducted by central banks … origination and termination of multiple bubbles. Simulations show that the test significantly improves discriminatory power and … leads to distinct power gains when multiple bubbles occur. An empirical application of the methodology is conducted on S …