Finance and Development, March 2014

Finance and Development, March 2014

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For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance a Development (FaD). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF's own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.Next, we assess whether the prices of two key assetsa€”equities and housesa€”are useful predictors of recession starts in these economies ... First, asset prices affect householdsa#39; net wealth and their ability to borrow, which can have important effects on householdsa#39; consumption plans. Second, according to standard Tobina#39;s q-theory, investment should move in the same direction as q, which is the ratio of the market value of ... Chart is based on data from 1970 to 2012. business cycle.

Title:Finance and Development, March 2014
Author:International Monetary Fund. External Relations Dept.
Publisher:International Monetary Fund - 2014-02-28


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