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Monetary policy and asset prices : the impact of globalization on monetary policy trade-offs

Berger, Wolfram; Kißmer, Friedrich; Knütter, Rolf - In: International business and finance issues, (pp. 133-148). 2007

Persistent link: https://www.econbiz.de/10003708907

Was Bernanke right? : targeting asset prices may not be a good Idea after all

Assenza, Tiziana; Berardi, Michele; Delli Gatti, Domenico - 2011

are "highly complementary and mutually consistent objectives" in a flexible inflation targeting regime which - dictates … inflation. - (BG, 1999, p.18). This conclusion is straightforward within the variant of the NK-DSGE framework used by BG in … which asset inflation shows up as a factor "augmenting" the IS curve. In the present paper, we pursue a different modelling …

Persistent link: https://www.econbiz.de/10009377794

Inclusion of asset prices : an argument for monetary policy and the Phillips Curve

Mislin, Alexander - In: Applied economics quarterly 64 (2018) 3, pp. 239-252

Persistent link: https://www.econbiz.de/10012059228

Monetary policy and asset prices : the impact of globalization on monetary policy trade-offs

Berger, Wolfram - 2007

Persistent link: https://www.econbiz.de/10013409339

Stock returns volatility and uncertain inflation : international evidence

Najand, Mohammad - 1987

Persistent link: https://www.econbiz.de/10000829355

New techniques to extract market expectations from financial instruments

Söderlind, Paul; Svensson, Lars E. O. - 1996

Persistent link: https://www.econbiz.de/10000618379

New techniques to extract market expectations from financial instruments

Söderlind, Paul; Svensson, Lars E. O. - 1997

Persistent link: https://www.econbiz.de/10000619731

New techniques to extract market expectations from financial instruments

Söderlind, Paul; Svensson, Lars E. O. - 1996

Persistent link: https://www.econbiz.de/10000955625

Expected inflation, expected stock returns, and money illusion : what can we learn from survey expectations?

Schmeling, Maik (contributor); Schrimpf, Andreas (contributor) - 2008

We show empirically that survey-based measures of expected inflation are significant and strong predictors of future … money illusion seems to be the driving force behind our results. Another popular hypothesis - inflation as a proxy for … aggregate risk aversion - is not supported by the data. -- Inflation expectations ; money illusion ; proxy hypothesis ; stock …

Persistent link: https://www.econbiz.de/10003727414

Asset pricing with a reference level of consumption : new evidence from the cross-section of stock returns

Grammig, Joachim; Schrimpf, Andreas - 2009 - This version: March 27, 2009

This paper presents an empirical evaluation of recently proposed asset pricing models which extend the standard preference specification by a reference level of consumption. We motivate an alternative model that accounts for the return on human capital as a determinant of the reference level....

Persistent link: https://www.econbiz.de/10009525974