Rational Exuberance

Thomas F. Huertas

Chapter 1 in Crisis: Cause, Containment and Cure, 2011, pp 5-14 from Palgrave Macmillan

Abstract: Abstract In the opening years of the twenty-first century all economic signs were pointing in the right direction. Economic growth was faster. Economic growth was steadier. Inflation was under control. Confidence was growing among both policymakers and the public at large that the business cycle had been tamed, that central banks had mastered the art of guiding the economy to a soft landing.

Keywords: Interest Rate; Monetary Policy; Central Bank; Asset Price; Federal Reserve (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-32135-9_2

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DOI: 10.1057/9780230321359_2

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