Central bank independence and price stability: evidence from OECD-countries
نویسندگان
چکیده
منابع مشابه
Evidence from OECD Countries
In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, the...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2007
ISSN: 0030-7653,1464-3812
DOI: 10.1093/oep/gpn004