Classic FIT and Lean FIT: Is Inflation-Targeting Guilty of Causing the Financial Instability of 2007–2009?

Takatoshi Ito ()

Chapter 9 in The Role of Central Banks in Financial Stability:How Has It Changed?, 2013, pp 187-205 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Cause of the Global Financial CrisisCausesFlexible Inflation Targeting (FIT) and BubbleDigression: The Japanese Bubble ExperienceMiddle Ground: Should the Central Bank Target Asset Prices?Collecting and Calculating Housing Price DataLegal Framework to Avoid Too-Big-to-FailCommitment to FIT with Financial StabilityConcluding RemarksReferences

Keywords: Financial Stability; Financial Regulation; Macroprudential Regulation; Systemic Risk; Dodd-Frank; Financial Crisis (search for similar items in EconPapers)
Date: 2013
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