| Should Central Banks Target Asset Prices?
The International Economy, Fall 2009, v23, #4, pp8-19
"Should, or can, central bankers target asset prices in
their conduct of monetary policy? Over the past year,
central bankers have engaged in a financial fire
brigade in the aftermath of the bursting of the U.S. subprime
mortgage bubble. But how difficult is it to identify
bubbles and to avoid moral hazard without, from time to
time, engaging in a fool’s errand? [...] Twenty experts offer their views."
Go to the
article at:
http://www.international-economy.com/TIE_F09_AssetPriceSymp.pdf
B6/01-10, Posted January 28, 2010
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