Asset prices, nominal rigidities, and monetary policy

Working Paper

Abstract: Should monetary policy respond to asset prices? This paper analyzes this question from the vantage point of equilibrium determinacy.

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File(s): https://doi.org/10.26509/frbc-wp-200413
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File(s): File format is application/pdf https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/working-papers/2004/wp-0413-asset-prices-nominal-rigidities-and-monetary-policy-pdf.pdf
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Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 2004

Number: 0413