Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Models
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More about this item
Keywords
Long-term interest rates; Stock prices; Housing prices; Real interest rates; Liquidity; Money illusion;All these keywords.
JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2007-11-03 (Central Banking)
- NEP-FMK-2007-11-03 (Financial Markets)
- NEP-MON-2007-11-03 (Monetary Economics)
- NEP-URE-2007-11-03 (Urban and Real Estate Economics)
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