Federal Reserve Bank of St. Louis
Is the FOMC’s policy inflating asset prices?
Keeping the policy rate significantly and persistently below "long-run equilibrium rates" may inflate asset prices.
Cite this item
Daniel L. Thornton, "Is the FOMC’s policy inflating asset prices?"
, Federal Reserve Bank of St. Louis, Economic Synopses, number 18, 2011.
Keywords: Federal Open Market Committee ; Asset pricing
This item with handle RePEc:fip:fedles:y:2011:n:18
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