Media contributions
1Media contributions
Title The signalling content of asset prices for inflation Media name/outlet VoxEU Country/Territory Netherlands Date 29/09/17 Description High asset prices can foreshadow tail risks in inflation. Based on data from 11 advanced economies since 1985, this column shows that high asset prices usually signal future high inflation episodes, but can occasionally signal low inflation or deflation instead. The transmission time of asset prices to inflation can be quite long. For central banks, this implies that the signalling content of asset prices for inflation is uncertain, both in timing and direction. URL https://cepr.org/voxeu/columns/signalling-content-asset-prices-inflation Persons Jan Willem van den End, Leo de Haan