Asset Prices and Monetary Policy
John Y. Campbell
Abstract
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In this book, scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt a ... More
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In this book, scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors.
Keywords:
economic growth,
inflation,
financial stability,
policy makers,
central banks,
Federal Reserve,
asset markets,
economy,
economic system,
central bankers
Bibliographic Information
| Print publication date: 2008 |
Print ISBN-13: 9780226092119 |
| Published to Chicago Scholarship Online: February 2013 |
DOI:10.7208/chicago/9780226092126.001.0001 |
