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::''Within mainstream economics,'' ... ''are not considered''
:are [[WP:WEASEL]]s, that is ''Unsupported attributions'' and probably also politicized personal opinions of '''some''' editors. Sections where these formulations occur: '''Identification and prevention''' and '''Macroeconomic significance'''. [[User:Rursus|Rursus]] dixit. ([[User talk:Rursus|<span style="color: red; background: #FFFF80"><sup>m</sup><u>bork<sup>3</sup></u></span>]]!) 08:35, 9 January 2014 (UTC)
== Dr. Shi's comment on this article ==
Dr. Shi has reviewed [https://en.wikipedia.org/w/index.php?title=Real_estate_bubble&oldid=722454539 this Wikipedia page], and provided us with the following comments to improve its quality:
{{quote|text=
1. There is a big literature on real-time bubble detection is missing. Please see reference below.
(1) Phillips, Peter CB, Yangru Wu, and Jun Yu. "Explosive behavior in the 1990s Nasdaq: When did exuberance escalate asset values?." International economic review 52.1 (2011): 201-226.
(2) Phillips, Peter CB, and Jun Yu. "Dating the timeline of financial bubbles during the subprime crisis." Quantitative Economics 2.3 (2011): 455-491.
(3) Phillips, Peter CB, Shuping Shi, and Jun Yu. "Testing For Multiple Bubbles: Limit Theory Of Real‐Time Detectors." International Economic Review 56.4 (2015a): 1079-1134.
(4) Phillips, Peter CB, Shuping Shi, and Jun Yu. "Testing for multiple bubbles: Historical episodes of exuberance and collapse in the S&P 500." International Economic Review 56.4 (2015b): 1043-1078.
(5) Homm, Ulrich, and Jörg Breitung. "Testing for speculative bubbles in stock markets: a comparison of alternative methods." Journal of Financial Econometrics 10.1 (2012): 198-231.
(6) "Warning signs of future asset bubbles", The Strait Times, April 2011, By Peter C.B. Phillips and Jun Yu, http://korora.econ.yale.edu/phillips/news/warning-signs_110426.pdf
(7) "Hot property market … irrational or not?", Sunday Star Times, April 2015, By Peter Phillips and Ryan Greenaway-McGrevy, http://korora.econ.yale.edu/phillips/pubs/op-ed/hot-property_150412.pdf
2. The real time strategy proposed by Phillips, Shi and Yu (2015a,b) has been used to provide "exuberance indicator" for 23 national housing markets by the Federal Reserve Bank of Dallas.
Reference:
(1) Pavlidis, Efthymios, et al. "Episodes of exuberance in housing markets: in search of the smoking gun." The Journal of Real Estate Finance and Economics (2013): 1-31.
(2) http://www.dallasfed.org/institute/houseprice/
3. Instead of decomposing the house prices into a valuation component and a leverage component, the aforementioned methods focus on identifying the unique dynamic characteristics of speculative bubbles reflected in housing prices.
}}
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Shi has expertise on the topic of this article, since he has published relevant scholarly research:
*'''Reference ''': Peter C.B. Phillips & Shu-Ping Shi & Jun Yu, 2013. "Testing for Multiple Bubbles: Historical Episodes of Exuberance and Collapse in the S&P 500," Cowles Foundation Discussion Papers 1914, Cowles Foundation for Research in Economics, Yale University.
[[User:ExpertIdeasBot|ExpertIdeasBot]] ([[User talk:ExpertIdeasBot|talk]]) 16:05, 12 July 2016 (UTC)
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