Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/43254 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorGerlach, Stefanen
dc.contributor.authorAssenmacher-Wesche, Katrinen
dc.date.accessioned2009-05-06-
dc.date.accessioned2010-12-15T09:22:37Z-
dc.date.available2010-12-15T09:22:37Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:hebis:30-57680en
dc.identifier.urihttp://hdl.handle.net/10419/43254-
dc.description.abstractWe study the responses of residential property and equity prices, inflation and economic activity to monetary policy shocks in 17 countries, using data spanning 1986-2006, using single-country VARs and panel VARs in which we distinguish between groups of countries depending on their financial systems. The effect of monetary policy on property prices is about three times as large as its impact on GDP. Using monetary policy to guard against financial instability by offsetting asset-price movements thus has sizable effects on economic activity. While the financial structure influences the impact of policy on asset prices, its importance appears limited.en
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2008/30en
dc.subject.jelC23en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordAsset Pricesen
dc.subject.keywordMonetary Policyen
dc.subject.keywordPanel VARen
dc.subject.stwGeldpolitiken
dc.subject.stwSchocken
dc.subject.stwImmobilienpreisen
dc.subject.stwKapitalstrukturen
dc.subject.stwPanelen
dc.subject.stwVAR-Modellen
dc.subject.stwWelten
dc.titleFinancial structure and the impact of monetary policy on asset prices-
dc.typeWorking Paperen
dc.identifier.ppn599230576en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:200830en

Files in This Item:
File
Size
666.32 kB





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