ENGLISH

Asset Prices and Monetary Policy

By John Y. Campbell (editor)

Book information

Publisher
University of Chicago Press
Year
2008
ISBN
9780226092126
DOI
10.7208/9780226092126
Language
english
Format
PDF
Filesize
6 MB (6726081 bytes)
Pages
392\444
Library
degruyter.com
Time added
2023-08-15 02:23:59

Description

Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals.  In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.

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