Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models
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- Robert J. Shiller, 2007. "Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(2), pages 111-134.
- Shiller, Robert J., 2007. "Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models," Working Papers 29, Yale University, Department of Economics.
- Robert J. Shiller, 2007. "Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models," NBER Working Papers 13558, National Bureau of Economic Research, Inc.
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Cited by:
- Gabriel Jiménez & Steven Ongena & José‐Luis Peydró & Jesús Saurina, 2014.
"Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking?,"
Econometrica, Econometric Society, vol. 82(2), pages 463-505, March.
- Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2014. "Hazardous times for monetary policy: what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," EconStor Open Access Articles, ZBW - Leibniz Information Centre for Economics, pages 463-505.
- Gabriel Jiménez & Steven Ongena & José Luis Peydró & Jesús Saurina, 2009. "Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," Working Papers 0833, Banco de España;Working Papers Homepage.
- Philip Arestis Author-Email: pa267@cam.ac.uk, 2017. "Housing Market in Israel: Is there a Bubble?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 64(1), pages 1-16, December.
- Guidolin, Massimo & Pedio, Manuela, 2017.
"Identifying and measuring the contagion channels at work in the European financial crises,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 48(C), pages 117-134.
- Massimo Guidolin & Manuela Pedio, 2016. "Identifying and Measuring the Contagion Channels at Work in the European Financial Crises," Working Papers 586, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Aizenman, Joshua & Jinjarak, Yothin, 2009.
"Current account patterns and national real estate markets,"
Journal of Urban Economics, Elsevier, vol. 66(2), pages 75-89, September.
- Joshua Aizenman & Yothin Jinjarak, 2008. "Current Account Patterns and National Real Estate Markets," NBER Working Papers 13921, National Bureau of Economic Research, Inc.
- Aizenman, Joshua & Jinjarak, Yothin, 2008. "Current account patterns and national real estate markets," Santa Cruz Department of Economics, Working Paper Series qt1rh4s127, Department of Economics, UC Santa Cruz.
- Hume, Michael & Sentance, Andrew, 2009.
"The global credit boom: Challenges for macroeconomics and policy,"
Journal of International Money and Finance, Elsevier, vol. 28(8), pages 1426-1461, December.
- Hume, Michael & Sentance, Andrew, 2009. "The global credit boom: challenges for macroeconomics and policy," Discussion Papers 27, Monetary Policy Committee Unit, Bank of England.
- Yoon, Gawon, 2009. "Is high real interest rate persistence an intrinsic characteristic of industrialized economies?," Economic Modelling, Elsevier, vol. 26(2), pages 359-363, March.
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"Boom–bust cycles: Leveraging, complex securities, and asset prices,"
Journal of Economic Behavior & Organization, Elsevier, vol. 81(2), pages 442-465.
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- Willi Semmler, 2011. "Asset Prices, Booms and Recessions," Springer Books, Springer, number 978-3-642-20680-1, December.
- E. Monnet & C. Wolf, 2016. "Demographic Cycle, Migration and Housing Investment: a Causal Examination," Working papers 591, Banque de France.
- Hirshleifer, David & Teoh, Siew Hong, 2008.
"Thought and Behavior Contagion in Capital Markets,"
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9164, University Library of Munich, Germany.
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Keywords
Long-term interest rates; Stock prices; Housing prices; Real interest rates; Liquidity; Money illusion;JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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