Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts /

We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of asset price busts. By contrast, credit, shares of investment in GDP, current account deficits, and asset prices typically rise, providing useful, if not perfect, leading indicators of...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Scott, Alasdair
مؤلفون آخرون: Kannan, Prakash, Rabanal, Pau
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Working Papers; Working Paper ; No. 2009/252
الوصول للمادة أونلاين:Full text available on IMF