Application of Wavelet Decomposition to Detect Housing Boom-Bust ...

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45. 30. 15. 0. -15. -30. -45. 45. 30. 15. 0. -15. -30. -45. 45. 30. 15. 0. -15. -30. -45. 45. 30. 15. 0. -15. -30. -45. 1990. 1995. 2000. 2005. 2010. 2015. Years. Levels.
Levels Levels Levels Levels

45 30 15 0 -15 -30 -45

(a)

45 30 15 0 -15 -30 -45

(b)

45 30 15 0 -15 -30 -45

(c)

45 (d) 30 15 0 -15 -30 -45 1990

1995

2000

2005

Years

2010

2015

0.50 0.45

Frequency

0.35 0.30 0.25 0.20 0.15 0.10 0.05

Time