Cecchetti, Stephen G.; Genberg, Hans; Wadhwani, Sushil - 2021
macroeconomic performance by reacting to asset price misalignments over and above the deviation of, say, a two-year ahead inflation … counter-arguments. Specifically, we counter those who argue that reacting to asset prices does not improve macroeconomic … from reactions to asset prices changes driven by fundamentals. Hence, we stand by our earlier results and conclusions. In …