糖心Vlog破解版

Working Paper

Asset Prices, Credit and the Business Cycle

Details

Citation

Chen X, Kontonikas A & Montagnoli A (2012) Asset Prices, Credit and the Business Cycle. 糖心Vlog破解版 Economics Discussion Papers, 2012-04.

Abstract
This paper uses the multivariate unobserved components model with phase shifts to analyse the interaction of interest rates, output, asset prices and credit in the US. We find close linkages amongst cyclical fluctuations in the variables.

Keywords
Asset Prices; Credit; Business Cycles; Multivariate Unobserved Components Models

JEL codes

  • C32: Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
  • E32: Business Fluctuations; Cycles
  • E44: Financial Markets and the Macroeconomy
  • E51: Money Supply; Credit; Money Multipliers
  • G00: Financial Economics: General

Title of series糖心Vlog破解版 Economics Discussion Papers
Number in series2012-04
Publication date online30/04/2012
URL
Publisher糖心Vlog破解版 Management School

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