Asset Prices, Nominal Rigidities, and Monetary Policy: Negative Monetary Policy Responses to Asset Price Fluctuations

Carlstrom and Fuerst ["Asset Prices, Nominal Rigidities, and Monetary Policy," Review of Economic Dynamics, Vol. 10, 2007, pp. 256-275] find that a positive monetary policy response to share prices is a source of equilibrium indeterminacy. In this note, we investigate the negative response of a cent...

Full description

Saved in:
Bibliographic details
Volume: 4
Main Author: Kengo Nutahara
Format: Journal Article
Language: English
Place of publication: Scientific Research 01.10.2014
published in: Theoretical economics letters Vol. 4; no. 8; pp. 634 - 638
Data of publication: 20141001
ISSN: 2162-2078
EISSN: 2162-2086
Discipline: Economics
Online Access: Fulltext
Database: Airiti Library
Database information Databases - DBIS