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The indicator role of asset prices

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  • Craig Ebert

    (Reserve Bank of New Zealand)

Abstract

This article discusses the information content of asset prices and their potential role in the Bank's. checklist of monetary indicators. A preliminary empirical analysis of the relationship between asset prices, real economic activity and inflation suggest that asset prices have some useful indicator value, but insufficiently reliable to serve as key guides for policy.

Suggested Citation

  • Craig Ebert, 1994. "The indicator role of asset prices," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 57, September.
    • Handle: RePEc:nzb:nzbbul:september1994:5
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/1994/1994sep57-3ebert.pdf
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    References listed on IDEAS

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