Monetary Policy and Asset Prices : A Look at Past U.S. Stock Market Booms /
This article examines the economic environments in which past U.S. stock market booms occurred as a first step toward understanding how asset price booms come about and whether monetary policy should be used to defuse booms. The authors identify several episodes of sustained rapid rises in equity pr...
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Other Authors: | , |
Format: | Book |
Language: | English |
Published: |
Ann Arbor, Mich. :
Inter-university Consortium for Political and Social Research [distributor],
2005
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Series: | ICPSR (Series) ;
1308 |
Subjects: |