Asset price bubbles : the implications for monetary, regulatory, and international policies

By W. C. Hunter, G. Kaufman, Michael Pomerleano. 2005

146 citations recorded by the source corpus.

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Liquidity Shocks and Asset Price Boom/Bust Cycles (2007, unknown): “Again this is a feature applying to real estate (see Herring and Wachter (2003). 24 Guttentag and Herring (1984).”
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 (2012, unknown): “…money and credit aggregates provided valuable information for policymakers aiming for financial and economic stability.11 11 Some argued that excessive credit created “imbalances” and a risk of financial instability (e.g., Borio and Lowe 2002, 2003; Borio and White 2003; White 2006; Goodhart 2007).”
Monetary and Prudential Policies at a Crossroads? New Challenges in the New Century (2006, background): “…terms of the response to asset price “bubbles”; see eg Bernanke and Gertler (1999, 2001) and Gruen et al (2003) (interpreted as being against the use of pre-emptive monetary policy) and Kent and Lowe (1998), Cecchetti et al (2000, 2003), Blanchard (2000) and Dupor (2002) (seen as being in favour).”
Macroprudential Policy - A Literature Review (2012, unknown): “…monetary policy and macroprudential policy, since they both affect real economic variables, is similar to the challenge faced in attempts to coordinate 27 The standard references are Bernanke and Gertler (2001), Goodfriend (2002), and, for an overview of the arguments, Giavazzi and Mishkin (2006).”