Frappa, Sébastien; Mésonnier, Jean-Stéphane - In: Journal of Financial Stability 6 (2010) 4, pp. 243-254
The recent boom in the housing markets of most developed economies has spurred criticism that inflation targeting central banks may have neglected the build-up of financial imbalances. This paper provides a formal empirical test of such claims, using a standard program evaluation methodology to...