Monetary policy and asset prices

Brett W. Fawley and Luciana Juvenal

Economic Synopses, 2010, No 11

Abstract: The housing market crisis is the latest reminder that asset prices can and do run wild at rates capable of negative effects on real economic activity. Not surprisingly, this has reinvigorated debate over whether central banks should respond to asset price bubbles.

Keywords: Monetary policy; Asset pricing (search for similar items in EconPapers)
Date: 2010
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