伟易博

问题：House Price Bubbles in China

报告人：Yufei Yuan, Xiamen University

时间：2:00-3:30pm, December 6

所在：伟易博新楼217课堂

Abstract:

In this paper, we apply the theory of rational expectation bubbles to the Chinese housing market. Rational expectation bubbles imply that negative returns on house prices are, theoretically, less likely to occur if bubbles exist and persist. Based on data from 35 cities in China, we find no evidence to support the existence of bubbles in the housing market.