Limited Asset Market Participation: Does it Really Matter for Monetary Policy?
نویسندگان
چکیده
منابع مشابه
Commentary: Monetary Policy and Asset Market Volatility
Bernanke and Gertler offer an excellent paper on guidelines for monetary policy. Much is to be learned, and when they get close to the key issue: Should the Fed crash asset market bubbles? Their firm nomodel and simulation-basedoffers great comfort to received wisdom. I have learned a lot from the paper and their broader research effort (see Clarida, Gali, and Gertler (1999) and the refer...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1948412