Nettet30. apr. 2001 · In recent decades, asset booms and busts have been important factors in macroeconomic fluctuations in both industrial and developing countries. In light of this experience, how, if at all, should central bankers respond to asset price volatility? We have addressed this issue in previous work (Bernanke and Gertler, 1999). The context … NettetPricing Login to YUMPU News Login to YUMPU Publishing 13.07.2015 • Views
How should we respond to asset price bubbles? - Research Papers …
Nettet1. des. 2024 · An asset bubble occurs when the price of an asset, such as stocks, bonds, real estate, or commodities, rises at a rapid pace without underlying fundamentals to … Nettet1. jan. 2008 · Monetary policy should not react to asset price bubbles per se, but rather to changes in the outlook for inflation and aggregate demand resulting from asset price … ferry from juneau to skagway
Should Monetary Policy Prevent Bubbles? - Federal Reserve Bank …
Nettet1. nov. 2007 · Inflation targeting, we were told, is the new best practice for central bankers that makes it unnecessary for them to try to influence asset prices. The credit crisis has unveiled the fallacy of ... NettetDonald L. Kohn, “Monetary Policy and Asset Prices Revisited,” speech at the Cato Institute’s 26th Annual Monetary Policy Conference, Washington, D.C., November 19, 2008; Frederick S. Mishkin, “How Should We Respond to Asset Price Bubbles,” speech at the Wharton Financial Institutions Center and Oliver Wyman Institute’s Annual … NettetAsset Price and Debt Bubbles The concept of the MURI provides an alternative theoretical framework for situating discussions of inflation targeting, and it shows how interest-rate policy should be guided. However, this still leaves open the critical question of whether monetary policy should respond to asset price inflation in an inflation- dell 65.0w laptop charger