Sponsored By The Federal Reserve Bank of Kansas City

By J. Hole. 2005

654 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0737af8a5dfd315ea77750fbec46648292e07510

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Citations in the corpus

Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? (2003, unknown): “…monetary policy can do little more than deal with the fallout from the unwinding of asset price bubbles has been clearly ennunciated by Chairman Greenspan (2002): " Such data suggest that nothing short of a sharp increase in short-term rates that engenders a significant economic retrenchment…”
House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (2013, unknown): “As noted by Greenspan (2002), “Bubbles are often precipitated by perceptions of real improvements in the productivity and underlying profitability of the corporate economy.”
Interdependent preferential trade agreement memberships: An empirical analysis (2008, background): “With the increasing globalization of the world economy, it seems that there is a raising concern about the global consequences of regionalism (see Krugman, 1991a, Bond and Syropoulos, 1996, Bagwell and Staiger, 1997a,b, 1999, 2005, Bond, Riezman, and Syropoulos, 2004, Riezman, 1999, or Baldwin,…”
Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism? (2008, unknown): “As Greenspan (2005) so aptly put it, “…history has not dealt kindly with the aftermath of protracted periods of low risk premiums”.”
Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms (2011, background): “Despite these dangers, the traditional policy approach to real estate booms has been one of ―benign neglect‖ (Bernanke, 2002 and Greenspan, 2002).”
What's Up with the Phillips Curve? (2020, unknown): “More recently, with unemployment below 5 percent for almost four years and in ation persistently under 2 percent, attention has turned to factors that may explain why in ation is not coming back (e.g. Powell, 2019, Yellen, 2019).”
Why Central Banks Should Not Burst Bubbles (2006, background): “Bernanke and Gertler (1999) point out the costs of recessions, particularly under conditions of financial fragility; DeLong (2002) reminds us that share price booms are historically associated with the introduction of new technologies, and cutting off the boom early could interfere with the…”
Under What Conditions Can Inflation Targeting Be Adopted?: The Experience of Emerging Markets (2006, background): “Federal Reserve, has offered an operating definition of price stability that is broadly accepted: “Price stability obtains when economic agents no longer take account of the prospective change in the general price level in their economic decisionmaking” (Greenspan, 2001).”
The Financial Crisis: An Inside View (2009, background): “…weekend have received extensive discussion in the financial press and in the academic literature, including the role of liquidity (as discussed by Allen and Carletti 2008), the fragilities arising from counterparty risks embedded in the three-party repo system and the over-the-counter derivative…”