Should Monetary Policy Target Asset Bubbles?
Describes theory of asset bubbles, where the asset price-of stocks, bonds, and property is greater than the fundamental value; examines U.S. stock market at present; and addresses debate on whether Federal Reserve should be mandated to target asset bubbles and use monetary policy to pre-empt a stock...
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Format: | Electronic eBook |
Language: | English |
Published: |
[Place of publication not identified] :
[publisher not identified],
2002.
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Series: | CRS report.
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Subjects: | |
Online Access: | Connect to this title via ProQuest |