01794cas a2200253 a 4500 AALejournalIMF001241 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852684 1018-5941 BD-DhAAL BD-DhAAL Sloek, Torsten. Do Asset Prices in Transition Countries Contain Information About Future Economic Activity? / Torsten Sloek, Peter Christoffersen. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students There is ample empirical evidence for developed economies that asset prices contain information about future economic developments. But is this also the case in transition economies? Using a panel of monthly data for the Czech Republic, Hungary, Poland, Russia, Slovakia, and Slovenia for the period 1994-1999 it is shown that historical values for interest rates, exchange rates, and stock prices signal future movements in real economic activity. This result has significant implications for policymakers, and a composite leading indicator based on the three asset prices is presented, which contains information about the future development of economic activity. Mode of access: Internet Christoffersen, Peter. IMF Working Papers; Working Paper ; No. 2000/103 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/103/001.2000.issue-103-en.xml IMF e-Library