Exploring Aggregate Asset Price Fluctuations Across Countries: Measurement, Determinants and Monetary Policy ImplicationsBank for International Settlements, Monetary and Economic Department, 1994 - 104 síður |
Efni
Introduction | 9 |
Tables | 13 |
The two upswings in real aggregate asset prices | 14 |
Höfundarréttur | |
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Common terms and phrases
adjustment aggregate asset price aggregate index analysis asset price boom asset price index asset price movements asset price term Australia balance sheets behaviour Belgium bivariate business assets Canada Central bank cial property property cient tistic Coeffi coefficient cointegration Commer commercial property commercial real estate component corporate equities correlation countries experiencing credit constraints demand for money Denmark difference economic equation Equities tial cial equity prices estimated explanatory power Finland France Germany Granger-causality Graph higher housing prices Income velocity indices information content interest rates Japan lagged largest asset price markets monetary policy money stock Netherlands Nordic countries Norway OECD period private sector holdings property prices proxy real aggregate asset real asset price real estate prices relationship relevant residential and commercial residential property Source statistically significant sub-periods Sweden t-sta t-statistic Table tial cial property trough to peak United Kingdom upswing velocity of money wealth effects weights