Gerdesmeier, Dieter; Reimers, Hans-Eggert; Roffia, Barbara - In: Review of Economics & Finance 1 (2011) June, pp. 1-19
The recent financial crisis has demonstrated in an impressive way that boom/bust cycles can have devastating effects on the real economy. This paper aims at contributing to the literature on early warning indicator exercises for asset price booms. Using a sample of 17 industrialized OECD...