| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059946 | Economics Letters | 2013 | 4 Pages |
Abstract
⺠Simple SVAR explores the Volcker-Greenspan period. ⺠Monetary policy reacts directly to the term spread and indirectly to stock and house prices. ⺠Asymmetric interactions exist between asset prices and aggregate activity. ⺠Positive comovement takes place between stock prices, house prices, and long-term bond prices.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lichao Cheng, Yi Jin,