The question of whether central banks should bear responsibility for financial stability is still unan-swered. Regarding interest rate implementation, it is thus not clear if and how the Taylor rule should be augmented by an additional financial stability term. This paper reviews the normative...

Purpose: This paper investigates whether US REITs' returns have been sensitive to the monetary policy introduced after the Global Financial Crisis of 2008. Design/methodology/approach: For the period from 1995 to 2015, we tested the correlation between US REITs' returns and interest rates, since...