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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Jeanne, Olivier
Rannpháirtithe: Bordo, Michael
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2002.
Sraith:IMF Working Papers; Working Paper ; No. 2002/225
Rochtain ar líne:Full text available on IMF