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Monetary Policy and Asset Price Volatility

Datos Bibliográficos

ID5841178
AutoresBen Bernanke, Mark Gertler
Año2000
Fecha de publicación2000-02-01
Peer ReviewedSí
Open AccessNo
TipoREPORT
EditorialNational Bureau of Economic Research (PUBLISHER)
DOI10.3386/w7559
OpenAlexW3124768786
IdiomaEN
Citas recibidas46
Referencias citadas1

We explore the implications of asset price volatility for the management of monetary policy.We show that it is desirable for central banks to focus on underlying inflationary pressures.Asset prices become relevant only to the extent they may signal potential inflationary or deflationary forces.Rules that directly target asset prices appear to have undesirable side effects.We base our

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Obras citantes distintas46
Citas por año1,84
Intervalo de citas2001 - 2025 (25)
Velocidad de citaciónrecent
Altamente citadoNo
Tipos de citaNeutras: 44
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