Article: Bubbles, Busts and Breaks in UK Housing Author: William Miles Start Page: 455 Abstract: Since the recent turmoil in UK housing, there has been controversy over whether house prices in the past decade have entered a bubble. While there are numerous techniques employed to investigate the presence of bubbles, testing the significance of breaks in the dynamics of prices has been utilized in other research to detect such bubbles. This is important in itself, as changing parameters in housing time series models make forecasting and portfolio management more difficult. Keywords Bubbles, Structural Breaks, UK Home Prices All articles listed here are available for download in portable document format (PDF). |