Asset Prices and Monetary Policy

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How does fiscal policy react to wealth composition and asset prices (2012, background): “…2010; Agnello and Schuknecht, 2011) and a number of studies has focused on the appropriateness of the monetary policy strategy in the presence of such episodes (Detken and Smets, 2004) and, in general, on the opportunity to consider asset prices as part of monetary policy goals (Issing, 2009).”