Politická ekonomie 2002, 50(1) | DOI: 10.18267/j.polek.345

Ceny na trzích aktiv

Stanislav Šaroch

Prices on the asset markets

The aim of this article is to show some relationships between equity and real estate market on one hand and bussines cycles on the other. These Questions are discussed in the framework of empirical estimates of wealth effect. Using Tobin's q-theory of investment, this paper analyzes reactions in investment behaviour of the firms. The stock market prices do not affect this behaviour. The same is valid for real estate market.

Keywords: equity market, real estate market, wealth effect, agregate demand, q-theory of investment, bussines cycle

Published: February 1, 2002  Show citation

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Šaroch, S. (2002). Prices on the asset markets. Politická ekonomie, 50(1), . doi: 10.18267/j.polek.345
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