Asset prices, nominal rigidities, and monetary policy

Charles T. Carlstrom and Timothy S. Fuerst ()

No 413, Working Paper from Federal Reserve Bank of Cleveland

Abstract: Should monetary policy respond to asset prices? This paper analyzes this question from the vantage point of equilibrium determinacy.

Keywords: Monetary policy; Banks and banking, Central (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-dge, nep-fin, nep-mac and nep-mon
Date: 2004
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Related works:
Journal Article: Asset Prices, Nominal Rigidities, and Monetary Policy (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:fip:fedcwp:0413

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