Central banks should not be in the business of trying to prick asset price bubbles. Bubbles generally arise out of some … bubbles and more of the third in real estate booms). Accordingly, the connection between monetary conditions and the rise of … bubbles is rather tenuous, and anything short of inducing a recession by tightening credit conditions prohibitively is …

suitable for the task of tackling asset price bubbles. …

suitable for the task of tackling asset price bubbles. …

economies to similar bubbles, a bubble itself is not sufficient to cause real-side disruption. Central bankers should learn from … asset price declines and not be concerned with targeting asset prices or pricking bubbles per se …

relationship to bubbles. My conclusion is that mistaken U.S. monetary policy, usually related to the Fed's indifference to the … value of the dollar, has repeatedly caused harmful asset bubbles in the United States and abroad. Policy is again at risk … “quantitative easing”). Regulatory policy has often been ineffective at identifying or addressing asset bubbles, especially those …

We study the role of monetary policy when asset-price bubbles may form due to herd behavior in investment in an asset … from households to publicly invest in the old or the new technology. The three main results of the paper are that bubbles … directly access to less information than the investors; and that the central bank can eliminate bubbles by manipulating the …

We study the role of monetary policy when asset-price bubbles may form due to herd behavior in investment in an asset … from households to publicly invest in the old or the new technology. The three main results of the paper are that bubbles … directly access to less information than the investors; and that the central bank can eliminate bubbles by manipulating the …