• Print
  • Email
  • Share

Economic Perspectives, Vol. 38, 4th, 2014
Interest Rates and Asset Prices: A Primer
What does economic theory have to say about the extent to which exogenous changes in short-term and/or long-term riskless rates ought to affect asset prices, and by what channels? This article examines the implications of three key theoretical models of asset booms and busts, focusing on a variety of channels through which interest rates might affect real asset prices.


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2017. All rights reserved.

Please review our Privacy Policy | Legal Notices