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