Asset Bubbles : Economic Effects and Policy Options for the Federal Reserve.

Describes theory of asset bubbles, where the asset price of stocks, bonds, and property is greater than the fundamental value. Examines effect of bubbles on select aspects of the economy, including investment, consumption, Gross Domestic Product, and inflation; explores possible ways the Federal Res...

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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], 2007.
Series:	U.S. Congressional Research.
Subjects:	Inflation (Finance) Interest rates. Property. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Describes theory of asset bubbles, where the asset price of stocks, bonds, and property is greater than the fundamental value. Examines effect of bubbles on select aspects of the economy, including investment, consumption, Gross Domestic Product, and inflation; explores possible ways the Federal Reserve (Fed) could respond to future bubbles; and summarizes how Fed has responded to potential bubbles to date.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.