The conduct of monetary policy under risks to financial stability : a game - theoretic approach
Asset prices offer useful information for monetary policymakers in the short-term, yet their significant relationship to primary policy-indicators is debated. In one view bubbles are difficult to recognise and central banks should act just against the adverse consequences of their unwinding. The opp...
Main Author: | |
---|---|
Published: |
University of Birmingham
2009
|
Subjects: | |
Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.514064 |