Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/6456
Appears in Collections:Economics Working Papers
Peer Review Status: Unrefereed
Title: Asset Prices, Credit and the Business Cycle
Authors: Chen, Xiaoshan
Kontonikas, Alexandros
Montagnoli, Alberto
Contact Email: alberto.montagnoli@stir.ac.uk
Citation: Chen X, Kontonikas A & Montagnoli A (2012) Asset Prices, Credit and the Business Cycle. Stirling Economics Discussion Papers, 2012-04. Stirling Management School.
Keywords: Asset Prices
Credit
Business Cycles
Multivariate Unobserved Components Models
JEL Code(s): C32
E32
E44
E51
G0
Issue Date: Apr-2012
Publisher: Stirling Management School
Series/Report no.: Stirling Economics Discussion Papers, 2012-04
Abstract: This paper uses the multivariate unobserved components model with phase shifts to analyse the interaction of interest rates, output, asset prices and credit in the US. We find close linkages amongst cyclical fluctuations in the variables.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/6456
Affiliation: Economics
University of Glasgow
Economics

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