scholarly journals The Real-Time Predictive Content of Asset Price Bubbles for Macro Forecasts

2015 ◽  
Author(s):  
Benjamin Beckers
Keyword(s):  
Real Time ◽  
Asset Price ◽  
The Real ◽  
Asset Price Bubbles ◽  
Price Bubbles ◽  
Predictive Content

scholarly journals Crisis and the Role of Money in the Real and Financial Economies—An Innovative Approach to Monetary Stimulus

2021 ◽  
Vol 14 (3) ◽  
pp. 129
Author(s):  
Richard Simmons ◽  
Paolo Dini ◽  
Nigel Culkin ◽  
Giuseppe Littera
Keyword(s):  
Asset Price ◽  
High Growth ◽  
Monetary Transmission ◽  
Real Economy ◽  
Poor Growth ◽  
The Real ◽  
Asset Price Bubbles ◽  
Price Bubbles ◽  
Financial Economy

`Financial crisis’ is sometimes regarded as synonymous with `economic crisis’, but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the financial economy. A theoretical framework is developed to explain how endogenous (bank credit) and central bank exogenous (quantitative easing, QE) money creation feed into the real and financial economies. It looks at how the velocity of monetary circulation varies between the two economies and across asset types within the financial economy. Monetary transmission mechanisms are set into a framework that helps explain how QE stimulus risks combining asset price bubbles with poor growth in the real economy. The real economy transmission mechanism of `helicopter money’ is given context, enabling an assessment of the efficacy of both the QE and helicopter money policy routes. Finally, we present a new type of monetary transmission, `Smart Helicopter Money’, to deliver monetary stimulus to innovators, SMEs and high-growth firms via both complementary currencies and a modified form of QE in order to achieve proportionally greater impact on the real economy.

Risk measures and the impact of asset price bubbles

2015 ◽  
Vol 17 (3) ◽  
pp. 35-56 ◽  
Author(s):  
Robert Jarrow ◽  
Felipe Bastos G. Silva
Keyword(s):  
Risk Measures ◽  
Asset Price ◽  
Asset Price Bubbles ◽  
Price Bubbles ◽  
The Impact

scholarly journals Online Communication and Asset Price Bubbles

2021 ◽  
Vol 187 ◽  
pp. 36-41
Author(s):  
Kun Zhang ◽  
Tianyi Gu ◽  
Yuanyuan Wang
Keyword(s):  
Asset Price ◽  
Online Communication ◽  
Asset Price Bubbles ◽  
Price Bubbles

ASSET PRICE BUBBLES AND TECHNOLOGICAL INNOVATION

2018 ◽  
Vol 57 (1) ◽  
pp. 482-497
Author(s):  
Jong Kook Shin ◽  
Chetan Subramanian
Keyword(s):  
Technological Innovation ◽  
Asset Price ◽  
Asset Price Bubbles ◽  
Price Bubbles

A liquidity-based model for asset price bubbles

2012 ◽  
Vol 12 (9) ◽  
pp. 1339-1349 ◽  
Author(s):  
Robert A. Jarrow ◽  
Philip Protter ◽  
Alexandre F. Roch
Keyword(s):  
Asset Price ◽  
Asset Price Bubbles ◽  
Price Bubbles
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