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...
| Autor Principal: | |
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| Outros autores: | , |
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Series: | IMF Working Papers; Working Paper ;
No. 2009/252 |
| Acceso en liña: | Full text available on IMF |