Asset Prices and Central Bank Policy

Asset Prices and Central Bank Policy
Author :
Publisher : Centre for Economic Policy Research
Total Pages : 164
Release :
ISBN-10 : 1898128537
ISBN-13 : 9781898128533
Rating : 4/5 (533 Downloads)
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Book Synopsis Asset Prices and Central Bank Policy by : Stephen Giovanni Cecchetti

Download or read book Asset Prices and Central Bank Policy written by Stephen Giovanni Cecchetti and published by Centre for Economic Policy Research. This book was released on 2000 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concludes the role of asset prices in monetary policy is one of the most important, and difficult, questions confronting central banks.


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The question of whether central banks should target stock prices so as to prevent bubbles and crashes from occurring has been hotly debated. This paper analyses