New Shocks, Exchange Rates and Equity Prices /
We study exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the volatility of the underlying processes-a positive...
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| Kolejni autorzy: | , , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2008/284 |
| Dostęp online: | Full text available on IMF |