This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these linkages? And third, what are the main challenges to the theoretical and empirical findings? The survey addresses these questions in the context of four major asset...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2017/11/28
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Рабочий документ в рамках исследования вопросов политики
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WPS8259
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1
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1
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2017/11/28
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Disclosed
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Asset prices and macroeconomic outcomes : a survey
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asset price
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Официальная версия документа (может содержать подписи, и т.д.)