The relationship between output and asset prices: A time – and frequency – varying approach
This paper employs wavelet analysis to examine the relationship between the U.S. output and asset prices. We use the theory of the monetary transmission mechanism to explain the relationship between them. Wavelet analysis takes the simultaneous examination of co-movement and causality into account i...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2016-03-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1160.pdf
|