Asset price misalignments are analyzed through wavelet decomposition. The analysis, carried within the time-frequency domain, allows us todetect how far, in a given time period, ﬁnancial time series, such as house or stock prices, are from their fundamental value. The latter is associatedwith the low frequency component of a given time series. Moreover, using wavelet analysis, we explore whether monetary policy can contribute toasset price misalignments.
|Numero di pagine||15|
|Stato di pubblicazione||Published - 2011|