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...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
[Place of publication not identified] :
[publisher not identified],
2002.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | 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 market crash by raising interest rates to restrain aggregate demand before imbalances become serious. Provides bubble-free explanations of stock market, discusses goals of monetary policy, presents scenarios where Federal Reserve could prevent a bubble, and analyzes whether asset prices should be included in the measurement of inflation. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |