Inflation targeting and asset prices

Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects

Volumn , Issue , 2010, Pages 172-191

  Allsopp, Christopher ^a  

^a UNIVERSITY OF OXFORD   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84874780374     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1017/CBO9780511779770.009     Document Type: Chapter

References (35)

1. Alesina, A., O. Blanchard, J. Galí, F. Giavazzi and H. Uhlig (2001). Defining a Macroeconomic Framework for the Euro Area. London: Centre for Economic Policy Research [CEPR].
2. Allsopp, C. (2002). ‘Macroeconomic policy rules in theory and practice’, Bank of England Quarterly Bulletin, 42(4): 485-504.
3. Allsopp, C., and D. Vines (2005). ‘The macroeconomic role of fiscal policy’, Oxford Review of Economic Policy, 21(4): 485-508.
4. Assenmacher-Wesche, K., and S. Gerlach (2008). ‘Ensuring financial stability: financial structure and the impact of monetary policy on asset prices’.Working Paper no. 361. Zurich: Institute for Empirical Research in Economics, University of Zurich.
5. Balls, E., and G. O’Donnell (eds.) (2001). Reforming Britain’s Economic and Financial Policy. London: Palgrave.
6. Bean, C. (1998a). ‘The new monetary arrangements: a view from the literature’, Economic Journal, 108: 1795-809.
7. (1998b). ‘Monetary policy under EMU’, Oxford Review of Economic Policy, 14(3): 41-53.
8. (2003). ‘Asset prices, financial imbalances and monetary policy: are inflation targets enough?’. Working Paper no. 140. Basel: BIS.
9. Bernanke, B.(2005). ‘The global savings glut and the US current account deficit’. Remarks at the Sandridge Lecture to the Virginia Association of Eonomics. Richmond, VA, 10 March.
10. (2007). ‘Global imbalances: recent developments and prospects’. Speech at the Bundesbank Lecture. Berlin, 11 September.
11. Bernanke, B., and M. Gertler (1999). ‘Monetary policy and asset price volatility’, in Federal Reserve Bank of Kansas City. New Challenges for Monetary Policy: 77-128. Federal Reserve Bank of Kansas City.
12. Bordo, M., and O. Jeanne (2002). ‘Boom-busts in asset prices, economic instability and monetary policy’. Discussion Paper no. 3398. London: CEPR.
13. Borio, C., B. English and A. Filardo (2003). ‘A tale of two perspectives: old or new challenges for monetary policy?’. Working Paper no. 127. Basel: BIS.
14. Borio, C., and P. Lowe (2002). ‘Asset prices, financial and monetary stability: exploring the nexus’. Working Paper no. 114. Basel: BIS.
15. Borio, C., and W. White (2004). ‘Whither monetary and financial stability? The implications of evolving monetary policy regimes’. Working Paper no. 147. Basel: BIS.
16. Brunnermeier, M., A. Crockett, C. Goodhart, A. Persaud and H. Shin (2009). The Fundamental Principles of Financial Regulation. Geneva: CIMB.
17. Cecchetti, S., H. Genberg, J. Lipsky and S. Wadhwani (2000). Asset Prices and Central Bank Policy. Geneva: CIMB.
18. Cecchetti, S., H. Genberg and S. Wadhwani (2002). ‘Asset prices in a flexible inflation targeting framework’. Working Paper no. 8970. Cambridge, MA: NBER.
19. Dodge, D. (2002). ‘The interaction between monetary and fiscal policies’. Donald Gow Lecture at School of Policy Studies, Queens University. Kingston, ON, 26 April.
20. Greenspan, A. (2002). ‘Economic volatility’. Speech given at the Federal Reserve Bank of Kansas City symposium ‘Rethinking stabilisation policy’. Jackson Hole, WY, 29 August.
21. Haldane, A. (2009). ‘Rethinking the financial network’. Speech to the Financial Student Association at the University of Amsterdam. Amsterdam, 28 April. Available at www.bankofengland.co.uk/publications/speeches/2009/speech386.pdf.
22. Heikensten, L. (2008). ‘More to it than just leaning against the wind’, Financial Times, 5 June.
23. Issing, O. (2002). ‘On macroeconomic policy coordination in EMU’, Journal of Common Market Studies, 40(2): 345-58.
24. Nickell, S. (2005). ‘Practical issues in UK monetary policy, 2000-2005’. British Academy Keynes Lecture. London, 20 September. Available at www.bankofengland.co.uk/publications/speeches/2005/speech255.pdf.
25. Papademos, L. (2009). ‘Monetary policy and the great crisis: lessons and challenges’. Speech at the Oesterreichishe Nationalbank’s thirty-seventh economic conference, ‘Beyond the crisis: economic policy in a new macroeconomic environment’. Vienna, 14 May. Available at www.ecb.int/press/key/date/2009/html/sp090514.en.html.
26. Rogoff, K. (1985). ‘The optimal degree of commitment to an intermediate monetary target’, Quarterly Journal of Economics, 100(4): 1169-89.
27. Taylor, J. (1993). ‘Discretion versus policy rules in practice’, Carnegie-Rochester Conference Series on Public Policy, 39(1): 195-214.
28. (2009). ‘The financial crisis and the policy responses: an empirical analysis of what went wrong’. Working Paper no. 14641. Cambridge, MA: NBER.
29. Vickers, J. (1998). ‘Inflation targeting in practice: the UK experience’, Bank of England Quarterly Bulletin, 38(4): 368-75.
30. (1999). ‘Monetary policy and asset prices’, Bank of England Quarterly Bulletin, 39(4): 428-35.
31. Wadhwani, S. (2008). ‘Should monetary policy respond to asset price bubbles? Revisiting the debate’, National Institute Economic Review, 206(1): 25-34.
32. Wolf, M. (2009). ‘Central banks must target more than just inflation’, Financial Times, 5 May.
33. Woodford, M. (2003). Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton, NJ: Princeton University Press.
34. Wren-Lewis, S. (2000). ‘The limits to discretionary stabilisation policy’, Oxford Review of Economic Policy, 16(4): 92-105.
35. Wyplosz, C. (2002). ‘Fiscal policy: institutions versus rules’. Discussion Paper no. 3238. London: CEPR.