Monetary Policy and Rational Asset Price Bubbles
收藏NBER2013-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18806
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资源简介：
I examine the impact of alternative monetary policy rules on a rational asset price bubble, through the lens of an overlapping generations model with nominal rigidities. A systematic increase in interest rates in response to a growing bubble is shown to enhance the fluctuations in the latter,
提供机构：
美国国家经济研究局
创建时间：
2013-02-01
