scholarly journals Asset Price Shocks, Real Expenditures, and Financial Structure: A Multi-Country Analysis

2008 ◽  
Author(s):  
Robert S. Chirinko ◽  
Leo <!>de Haan ◽  
Elmer Sterken
Keyword(s):  
Asset Price ◽  
Financial Structure ◽  
Price Shocks ◽  
Country Analysis

scholarly journals Asset Price Shocks, Financial Constraints, and Investment: Evidence from Japan

2004 ◽  
Vol 77 (1) ◽  
pp. 175-199 ◽  
Author(s):  
Vidhan K. Goyal ◽  
Takeshi Yamada
Keyword(s):  
Financial Constraints ◽  
Asset Price ◽  
Price Shocks

scholarly journals Real-Time Warning Signs of Emerging and Collapsing Chinese House Price Bubbles

2013 ◽  
Vol 223 ◽  
pp. R39-R48 ◽  
Author(s):  
Xi Chen ◽  
Michael Funke
Keyword(s):  
Real Time ◽  
Unit Root ◽  
House Prices ◽  
Asset Price ◽  
House Price ◽  
Warning Signs ◽  
Unit Root Tests ◽  
Price Shocks ◽  
Speculative Bubbles ◽  
Price Bubbles

The recent increase in Chinese house prices has led to concerns that China is vulnerable to asset price shocks. In this paper, we apply recently developed recursive unit root tests to spot the beginning and the end of potential speculative bubbles in Chinese house price cycles. Overall, we find that except for 2009–10 actual house prices are not significantly disconnected from fundamentals. Thus, the evidence for speculative house price bubbles in China is in general weak.

Sign in / Sign up

Export Citation Format

Share Document