The Importance of Global Shocks for National Policymakers: Rising Challenges for Central Banks



-xix-

Exchange rate

36

1984:1-2007:4

US real effective exchange rate
(CPI based)

OECD

Feri

37

1984:1-2007:4

EMU real effective exchange
rate (CPI based)

OECD

Feri

38

1984:1-2007:4

Japan real effective exchange
rate (CPI based)

OECD

Feri

39

1984:1-2007:4

UK real effective exchange rate
(CPI based)

OECD

Feri

40

1984:1-2007:4

Canada real effective exchange

OECD

Feri

rate (CPI based)

Share prices

41

1984:1-2007:4

US MSCI share price index
(local currency based)

Morgan Stanley Capital
International

Feri

42

1984:1-2007:4

EMU MSCI share price index
(local currency based)

Morgan Stanley Capital
International

Feri

43

1984:1-2007:4

Japan MSCI share price index
(local currency based)

Morgan Stanley Capital
International

Feri

44

1984:1-2007:4

UK MSCI share price index
(local currency based)

Morgan Stanley Capital
International

Feri

45

1984:1-2007:4

Canada MSCI share price
index (local currency based)

Morgan Stanley Capital
International

Feri

---------House prices

46

1984:1-2007:4

US house prices

National Association of

Realtors

Datastream

47

1984:1-2007:4

EMU house prices

Gros, various national
sources

Gros, Datastream

48

1984:1-2007:4

Japan house prices

Gros, Japan Real Estate
Institute

Gros, Bloomberg



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