标题：House Price Bubbles in China

汇报人：Yufei Yuan, Xiamen University

功夫：2:00-3:30pm, December 6

地址：拉斯维加斯9888新楼217教室

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.