Fratzscher, Marcel; Juvenal, Luciana; Sarno, Lucio - Federal Reserve Bank of St. Louis - 2008
Statistics. The price series are based on the consumer price index (CPI), and are presented
13We do this to preserve consistency … identi�ed by restricting the relative housing
price index, the price di�erential, relative consumption and relative interest …�cation is
measured in logs.
The US equity measure, EQ, is the S&P500 price index, sourced from Bloomberg. EQ is
an aggregate of …