Series: IMF Working Papers
Author(s): Alasdair Scott , Pau Rabanal , and Prakash Kannan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2009
Keywords: inflation, monetary fund, monetary conditions, central bank
We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of asset price busts. By contrast, credit, shares of investment in GDP, current account deficits, and...