Asset Price Bubbles and the Case for Asset-Based Reserve Requirements

Thomas Palley

Challenge, 2003, vol. 46, issue 3, pages 53-72

Abstract: Federal Reserve chairman Alan Greenspan, as well as other Fed governors, has spiritedly maintained that it is not the job of the central bank to restrain bubbles in asset prices. But this economist argues that, in the real world, asset prices should very much be under the Fed's purview.

Date: 2003
View citations in EconPapers

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=9999Q8RBJYMPRG0F (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:mes:challe:v:46:y:2003:i:3:p:53-72

Access Statistics for this article

More articles in Challenge from M.E. Sharpe, Inc.
Series data maintained by Christopher F. Baum ().