Monetary Policy and Asset Prices : Does "Benign Neglect" Make Sense? /

The link between monetary policy and asset price movements has been of perennial interest to policymakers. In this paper, we consider the potential case for preemptive monetary restrictions when asset price reversals can have serious effects on real output. First, we present some stylized facts on b...

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Xehetasun bibliografikoak
Egile nagusia: Jeanne, Olivier
Beste egile batzuk: Bordo, Michael
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2002.
Saila:IMF Working Papers; Working Paper ; No. 2002/225
Sarrera elektronikoa:Full text available on IMF