Journal Article
Monetary policy and asset prices
Abstract: The housing market crisis is the latest reminder that asset prices can and do run wild at rates capable of negative effects on real economic activity. Not surprisingly, this has reinvigorated debate over whether central banks should respond to asset price bubbles.
Keywords: Monetary policy; Asset pricing;
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/10/ES1011.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2010
Order Number: 11