Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence
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In this paper we investigate the relationship between loose monetary policy, low inflation, and easy bank credit with asset price booms. Using a panel of up to 18 OECD countries from 1920 to 2011 we estimate the impact that loose monetary policy, low inflation, and bank credit has on house, stock
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美国国家经济研究局创建时间：
2013-10-01
