Central banks in the Euro Area, US, and UK react to changes in asset markets by considering wealth composition and asset prices. A study using different models shows that central banks adjust monetary policy based on the mix of financial and housing wealth. Attempts to stabilize financial wealth may affect housing wealth, and vice versa. The impact of asset prices on monetary policy is also considered, with concerns being less significant. When inflation is low, disruptions between financial and housing wealth effects are more pronounced. Overall, central banks take into account wealth composition and asset prices when making monetary policy decisions, especially when inflation is below a certain target.