Is the FOMC’s policy inflating asset prices?
Abstract: Keeping the policy rate significantly and persistently below \\"long-run equilibrium rates\\" may inflate asset prices.
File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/11/ES1118.pdf
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2011Order Number: 18