Source Themes

exuber: Recursive Right-Tailed Unit Root Testing with R

This paper introduces the R package exuber for testing and date-stamping periods of mildly explosive dynamics (exuberance) in time series. The package computes test statistics for the supremum ADF test (SADF) of Phillips, Wu, and Yu (2011), the …

Real Estate and Monetary Policy: Residential and Commercial

Residential and commercial real estate account for a substantial share of both household wealth and capital stock in the EU countries and the US. More specifically in the US, one-third of household net worth is held in residential real estate, whilst …