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

Does "Benign Neglect" Make Sense?

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 boom-bust dynamics in stock and property prices... READ MORE...

Publication date: December 2002
ISBN 9781451875362
$15.00

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