Asset Prices, Monetary Policy, and the Business Cycle

Asset Prices, Monetary Policy, and the Business Cycle
The business cycle in several industrial countries during the period 1989-1993 was different from previous post World War II business cycles in important ways. This paper describes the unique character of the recent cycle, examines important underlying structural and macroeconomic factors, and discusses why these unique features emerged.... READ MORE...

Publication date: March 1994
ISBN 9781451971927
$10.00

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