It is crucial that central banks and regulatory authorities be aware of effects of asset price inflation on the … backing loans fall in value. Rather than trying to gauge the effects of asset prices on core inflation, central banks may be …

It is crucial that central banks and regulatory authorities be aware of effects of asset price inflation on the … backing loans fall in value. Rather than trying to gauge the effects of asset prices on core inflation, central banks may be …

"This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …