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Financial conditions indexes
Mayes, David; Virén, Matti - Suomen Pankki - 2001
house and stock prices, can provide useful additional indicators of future changes in output and inflation. We find a clear … changes in market expectations for inflation and output. This helps market participants make judgements about likely central …
Persistent link: https://www.econbiz.de/10005648973
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Stock market conditions and monetary policy in an DSGE model for the US
Castelnuovo, Efrem; Nisticò, Salvatore - Suomen Pankki - 2010
This paper investigates the relationship between stock market fluctuations and monetary policy in a DSGE model for the US economy. We initially adopt a framework in which fluctuations in households’ financial wealth are allowed – but not required – to influence current consumption. This is...
Persistent link: https://www.econbiz.de/10008516094
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Factors affecting asset price expectations: fundamentals and policy variables
Valckx, Nico - Suomen Pankki - 2001
Ammer (1993). Inflation news is incorporated into the stock and bond decomposition and explicit attention is given to …-held preconceptions and confirm that inflation news volatility is a non-trivial factor in the stock and bond return decompositions. …
Persistent link: https://www.econbiz.de/10005207150