Macroeconomic Patterns and Monetary Policy in the Run-Up to Asset Price Busts High quality books
Macroeconomic Patterns and Monetary Policy in the Run-Up to Asset Price Busts
By:Alasdair Scott,Pau Rabanal,Prakash Kannan
Published on 2009-11-01 by International Monetary Fund
We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of asset price busts. By contrast, credit, shares of investment in GDP, current account deficits, and asset prices typically rise, providing useful, if not perfect, leading indicators of asset price busts. These patterns could also be observed in the build-up to the current crisis. Monetary policy was not the main, systematic cause of the current crisis. But, with inflation typically under control, central banks effectively accommodated these growing imbalances, raising the risk of damaging busts.
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Book ID of Macroeconomic Patterns and Monetary Policy in the Run-Up to Asset Price Busts's Books is 0F74qCZpRcsC, Book which was written byAlasdair Scott,Pau Rabanal,Prakash Kannanhave ETAG "IvIHdLxZvPQ"
Book which was published by International Monetary Fund since 2009-11-01 have ISBNs, ISBN 13 Code is 9781452754093 and ISBN 10 Code is 1452754098
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