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What’s really going on in housing markets?

Davis, Morris A.; Ortalo-Magné, François; Rupert, Peter - In: Economic Commentary (2007) Jul

Most of the public concern about housing markets is based on claims that house prices have increased at historically … anomalous rates and that house prices have outpaced incomes. The first claim is based on inaccurate historical data. The second … is linked to relaxed credit constraints. House prices are likely to fall further, but not for the reasons usually …

Persistent link: https://www.econbiz.de/10005720953

Do commodity prices signal inflation?

Humpage, Owen F. - In: Economic Commentary (2011) May

Do the rising commodity prices we have seen in recent years reflect basic supply-and-demand developments in various …

Persistent link: https://www.econbiz.de/10009024043

Price stability and world economic recovery

Hoskins, W. Lee - In: Economic Commentary (1991) Jul

An assertion that central banks can promote long-term investment and stable economic growth only by guaranteeing price stability and that a coordinated global easing of monetary policies would damage central-bank credibility and jeopardize progress against inflation.

Persistent link: https://www.econbiz.de/10005390329

Home price derivatives

Ergungor, O. Emre - In: Economic Commentary (2007) Jan

Until recently, homeowners had no way to protect the value of their homes against losses that could result from housing market downturns. With the derivatives contracts introduced by the CME last year, homeowners now have some means of protection, and new and better products are more likely to...

Persistent link: https://www.econbiz.de/10005390462

Investor expectations and fundamentals: disappointment ahead?

Carlson, John B.; Pelz, Eduard A. - In: Economic Commentary (2000) May

The average annual return of the S&P 500 since 1994 has exceeded 25 percent. Confidence is high and investors are looking forward to continued above-average returns. The authors of this Economic Commentary attempt to reconcile investors' expectations with a decline in the equity premium, using a...

Persistent link: https://www.econbiz.de/10005390467

Stock prices and output growth: an examination of the credit channel

Carlstrom, Charles T.; Fuerst, Timothy S.; Ioannidou, … - In: Economic Commentary (2002) Aug

When stock market values fall, we know that investors expect lower economic growth in the future. But can stock market declines actually affect future growth? There is some evidence that they can-through the credit channel.

Persistent link: https://www.econbiz.de/10005390475

Information and prices

Ergungor, O. Emre; Haubrich, Joseph G. - In: Economic Commentary (2003) May

Information problems pervade the economy. This Commentary describes the challenges they create and the clever solutions markets find to overcome them.

Persistent link: https://www.econbiz.de/10005393601

Uncertain inflation and price-level rules

Hallman, Jeffrey J. - In: Economic Commentary (1992) Jan

An analysis of the sources and costs of unpredictable inflation, finding that the uncertainty stems from a lack of appropriate constraints on the monetary policy process, and that the costs could be sharply reduced by adopting a policy that targets a long-run path for the price level.

Persistent link: https://www.econbiz.de/10005512828

Exchange rates and U.S. prices

Anderson, Gerald H.; Humpage, Owen F. - In: Economic Commentary (1983) Apr

An examination of causality between dollar exchange-rate movements and U.S. price levels as described by the relative purchasing power parity theory, with a discussion of channels of price pressure and of the Hooper-Lowrey method of estimating future trends of the dollar.

Persistent link: https://www.econbiz.de/10005512864

Gold prices

Haubrich, Joseph G. - In: Economic Commentary (1998) Mar

The price of gold commands attention because it serves as an indicator of general price stability or inflation. But gold is also a commodity, used in jewelry and by industry, so demand and supply affect its pricing and need to be considered when gold is a factor in monetary policy decisions.

Persistent link: https://www.econbiz.de/10005512910