Quantitative policy implications of new normative macroeconomic research: Should central banks respond to movements in asset prices?

American Economic Review

Volumn 91, Issue 2, 2001, Pages 253-257

  Bernanke, Ben S ^a   Gertler, Mark ^b  

^a PRINCETON UNIVERSITY   (United States)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0041077402     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.91.2.253     Document Type: Article

References (8)

1. Batini, Nicoletta and Nelson, Edward. "When the Bubble Bursts: Monetary Policy Rules and Foreign Exchange Market Behavior." Working paper, Bank of England, 2000.
2. Bernanke, Ben and Gertler, Mark. "Monetary Policy and Asset Volatility." Federal Reserve Bank of Kansas City Economic Review, Fourth Quarter 1999, 84(4), pp. 17-52.
3. Bernanke, Ben; Gertler, Mark and Gilchrist, Simon. "The Financial Accelerator in a Quantitative Business Cycle Framework," in J. Taylor and M. Woodford, eds., Handbook of macroeconomics. Amsterdam: NorthHolland, 2000, pp. 1341-93.
4. Bernanke, Ben and Mishkin, Frederic. "Inflation Targeting: A New Framework for Monetary Policy?" Journal of Economic Perspectives, Spring 1997, 11(2), pp. 97-116.
5. Blanchard, Oliver and Watson, Mark. "Bubbles, Rational Expectations, and Financial Markets," in P. Wachtel, ed., Crisis in the economic and financial structure. Lexington, MA: Lexington Books, 1982, pp. 295-316.
6. Cecchetti, Stephen; Genberg, Hans; Lipsky, John and Wadhwani, Sushil. Asset prices and central bank policy. London: International Center for Monetary and Banking Studies, 2000.
7. Filardo, Andrew J. "Monetary Policy and Asset Prices." Federal Reserve Bank of Kansas City Economic Review, Third Quarter 2000, 85(3), pp. 11-37.
8. Goodhart, Charles. "Asset Prices and the Conduct of Monetary Policy." Working paper, London School of Economics, 2000.