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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Bibliographic Details

Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2002.
Series:	U.S. Congressional Research.
Subjects:	Business cycles. Economic indicators. Monetary policy. Electronic books.
Online Access:	Connect to the full text of this electronic book