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Asset Prices and Monetary Policy

by John Y. Campbell

2020-04-20 17:09:20

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Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In "Asset Prices and Monetary Policy," leading ... Read more
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In "Asset Prices and Monetary Policy," leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system.
The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy. Less

Book Details

File size6.00x9.00x1.20inches
Print pages440
PublisherUniversity of Chicago Press
Publication date October 15, 2008
LanguageEnglish
ISBN9780226092119
autor-image
John Y. Campbell
Author
John Y. Campbell is Otto Eckstein Professor of Applied Economics at Harvard University. Andrew W. Lo is Harris & Harris Group Professor of Finance at the Sloan School of Management, Massachusetts Inst...

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