A review of Phillips‐type right‐tailed unit root bubble detection tests
综述了菲利普斯等人开发的右尾单位根检验方法，用于标记资产价格泡沫的起始和崩溃日期，并介绍了R语言psymonitor包的实际应用，以1840年代英国铁路狂热数据为例。
Abstract Recent developments on the right‐tailed unit root tests of Phillips et al., which are used to date stamp the origination and collapse dates of asset price bubbles, have generated considerable interest. This paper provides a review for both empirical researchers that adopt these new econometric tools to detect the presence of asset price bubbles, and theoretical papers that extend these testing procedures. This paper also uses the psymonitor package in R to demonstrate the practical use of such tests using an example based on data for British Railway Mania of the 1840s.