Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms
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https://www.nber.org/papers/w10704
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资源简介:
This paper examines the economic environments in which past U.S. stock market booms occurred as a first step toward understanding how asset price booms come about and whether monetary policy should be used to defuse booms. We identify several episodes of sustained rapid rise in equity prices in the
提供机构:
美国国家经济研究局
创建时间:
2004-08-01



