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Monetary policy and asset prices

✍ Scribed by Athanasios Geromichalos; Juan Manuel Licari; José Suárez-Lledó


Book ID
113873461
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
208 KB
Volume
10
Category
Article
ISSN
1096-0929

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We investigate whether there is a case for asset prices in interest rates rules within a small econometric model of the Norwegian economy, modelling the interdependence of the real economy, credit and three classes of asset prices: housing prices, equity prices and the nominal exchange rate. We comp