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There is a growing concern in recent years over the potential formation of bubbles in the Chinese real estate market. This paper aims to conduct a series of bubble diagnostic analysis over nine representative Chinese cities from two aspects. First, we investigate whether the prices had been significantly deviating from economic fundamentals by applying a standard Engle-Granger cointegration test. Second, we apply the Log-Periodic-Power-Law-Singularity (LPPLS) model to detect whether there is any evidence of unsustainable, self-reinforcing speculative behaviours amongst the price series. We propose that, given the heterogeneity that exists amongst cities with different types of bubble signatures, it is vital to conduct bubble diagnostic tests and implement relevant policies toward specific bubble characteristics, rather than enforcing one-that-fits-for-all type policy that does not take into account such heterogeneity.
Many studies have found evidence that the brain operates at a critical point, a processus known as self-organized criticality. A recent paper found remarkable scalings suggestive of criticality in systems as different as neural cultures, anesthetized
Modern radio spectrometers make measurement of polarized intensity as a function of Faraday depth possible. I investigate the effect of depolarization along a model line of sight. I model sightlines with two components informed by observations: a dif
We are used to the fact that most if not all physical theories are based on the set of real numbers (or another associative division algebra). These all have a cardinality larger than that of the natural numbers, i.e. form a continuum. It is often as
The heliocentric redshifts ($z_mathrm{hel}$) reported for 150 Type Ia supernovae in the Pantheon compilation are significantly discrepant from their corresponding values in the JLA compilation. Both catalogues include corrections to the redshifts and
Magnetic monopoles have been a subject of study for more than a century since the first ideas by A. Vaschy and P. Curie, circa 1890. In 1974, Y. Nambu proposed a model for magnetic monopoles exploring a parallelism between the broken symmetry Higgs a