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~isPartOf:"CESifo working papers"
~person:"Caballero, Ricardo J."
~subject:"Inflation targeting"
~subject:"Zins"
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Monetary policy and asset price overshooting: a rationale for the Wall/Main Street disconnect
Caballero, Ricardo J.
;
Simsek, Alp
-
2022
responds to asset prices with a lag. If there is a negative output gap, the central
bank
optimally overshoots aggregate asset …
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