Monetary Policy and Rational Asset Price Bubbles

I examine the impact of alternative monetary policy rules on a rational asset price bubble, through the lens of an overlapping generations model with nominal rigidities. A systematic increase in interest rates in response to a growing bubble is shown to enhance the fluctuations in the latter, throug...

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Bibliographic details
Volume: 104
Main Author: Gali, Jordi
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: NASHVILLE American Economic Association 01.03.2014
AMER ECONOMIC ASSOC
published in: The American economic review Vol. 104; no. 3; pp. 721 - 752
ORCID: 0000-0003-4950-7462
Data of publication: 20140301
ISSN: 0002-8282
1944-7981
EISSN: 1944-7981
Discipline: Economics
Law
Subjects:
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2014
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