Qatar. Asset prices bubbles formed then burst creating large loses. They could have moderated the effect of, or avoided, the …

Galí (2014) showed that a monetary policy rule that raises interest rates in response to bubbles can paradoxically lead … to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising … argue Galí's model contains additional equilibria in which more aggressive rules dampen bubbles. We show that for these …

bubbles. This paper explores the case for explicitly targeting asset price bubbles, a policy that the Federal Reserve Bank has …. Asset price bubbles are identifiable. Bubbles also do significant economic harm through the debt footprint effects they … of bubbles. Managing bubbles calls for additional policy instruments. These can be provided a system of asset based …