Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27649
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBelke, Ansgaren_US
dc.contributor.authorOrth, Walteren_US
dc.contributor.authorSetzer, Ralphen_US
dc.date.accessioned2009-08-12T07:30:05Z-
dc.date.available2009-08-12T07:30:05Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/27649-
dc.description.abstractGlobal liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in consumer prices. This paper examines the interactions between money, goods and asset prices at the global level. Using aggregated data for major OECD countries, our VAR results support the view that different price elasticities on asset and goods markets explain the recently observed relative price change between asset classes and consumer goods.en_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.-
dc.relation.ispartofseries|aDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank |x2008,25en_US
dc.subject.jelF01en_US
dc.subject.jelE52en_US
dc.subject.jelE31en_US
dc.subject.jelF42en_US
dc.subject.ddc330en_US
dc.subject.keywordGlobal liquidityen_US
dc.subject.keywordinflation controlen_US
dc.subject.keywordmonetary policy transmissionen_US
dc.subject.keywordasset pricesen_US
dc.subject.stwGesamtwirtschaftliche Liquiditäten_US
dc.subject.stwInflationen_US
dc.subject.stwKonsumguten_US
dc.subject.stwVermögenen_US
dc.subject.stwPreiselastizitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleLiquidity and the dynamic pattern of price adjustment: a global viewen_US
dc.typeWorking Paperen_US
dc.identifier.ppn589814397en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:7564-

Files in This Item:
File
Size
837.93 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.