Series: IMF Working Papers
Author(s): Olivier Jeanne , and Michael Bordo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2002
Keywords: credit crunch, Taylor rule, bubbles, new economy, inflation, monetary authorities, monetary fund, Economic History: Financial Markets and Institutions: General, International, or Comparative,
The link between monetary policy and asset price movements has been of perennial interest to policymakers. In this paper, we consider the potential case for preemptive monetary restrictions when asset price reversa...