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Consumer and asset prices: Some recent evidence

1st Person: Gerdesmeier, Dieter
Additional Persons: Reimers, Hans-Eggert; Roffia, Barbara
Type of Publication: Paper
Language: English
Published: Hochsch., Fak. für Wirtschaftswiss. 2015
Series: Wismarer Diskussionspapiere
Online: https://www.econstor.eu/bitstream/10419/108974/1/820832162.pdf
id
oai_econstor.eu_10419-108974
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Consumer and asset prices: Some recent evidence
spellingShingle
Consumer and asset prices: Some recent evidence
Gerdesmeier, Dieter
Wismarer Diskussionspapiere
title_short
Consumer and asset prices: Some recent evidence
title_full
Consumer and asset prices: Some recent evidence
title_fullStr
Consumer and asset prices: Some recent evidence
title_full_unstemmed
Consumer and asset prices: Some recent evidence
title_sort
Consumer and asset prices: Some recent evidence
format
electronic Article
format_phy_str_mv
Paper
publisher
Hochsch., Fak. für Wirtschaftswiss.
publishDate
2015
language
English
author
Gerdesmeier, Dieter
author2
Reimers, Hans-Eggert
Roffia, Barbara
author2Str
Reimers, Hans-Eggert
Roffia, Barbara
description
This paper models the relationship between consumer and asset prices (approximated by house prices, oil prices and the exchange rate) by means of a Markov Switching model (MS model). It can be shown that house prices appear to play a significant role in the determination of consumer prices in a high-inflation and a low-inflation regime, whereas oil prices and the exchange rate only unfold an impact in a high-inflation regime. Taken together, these results can be seen as being of help for the monetary policy decision-making process.
url
https://www.econstor.eu/bitstream/10419/108974/1/820832162.pdf
series
Wismarer Diskussionspapiere
seriesStr
Wismarer Diskussionspapiere
Wismarer Diskussionspapiere
series2
Wismarer Diskussionspapiere
series2_facet
Wismarer Diskussionspapiere
up_date
2019-06-20T02:50:16.170Z
_version_
1636826109735600132

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