Monetary policy and asset prices
By Simon Gilchrist, John Leahy. 2002
762 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/5f675efbd90c628ea760440349a09c30689933d7
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- C. Walsh
- Ester Faia
- Randall Wright
- C. Borio
- Guillaume Rocheteau
- Ricardo Lagos
- Nobuhiro Kiyotaki
- Guido Lorenzoni
In Finance
- Ester Faia
- C. Walsh
- C. Borio
- Guido Lorenzoni
- Nobuhiro Kiyotaki
- P. Gelain
- M. Gertler
- Guillaume Rocheteau
Citations in the corpus
- Monetary Policy and Asset Prices: Does 'Benign Neglect' Make Sense? (2002, neutral): “The benign neglect view is vindicated, on the academic side, by the recent work of Bernanke and Gertler (2000) (2001) and Gilchrist and Leahy (2002).”
- Liquidity: A New Monetarist Perspective (2017, background): “In other applications, Rocheteau (2012) studies the cost of inflation, Hu and Rocheteau (2013,2015) and Araujo and Hu (2015) analyze the coexistence of money and credit or other assets, while Chiu and Wong (2015) investigate alternative payment systems.”
- House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (2013, background): “” Gilchrist and Leahy (2002) examine the response of monetary policy to asset prices in a rational expectations model with exogenous “net worth shocks.” (8)Lansing and LeRoy (2012) provide a recent update on this literature.”
- The Great Depression as a Credit Boom Gone Wrong (2003, neutral): “On the controversy over the role of asset prices in the conduct of monetary policy, see Bullard and Schaling (2002), Bernanke and Gertler (1999), Cecchetti, Genberg, Lipsky and Wadhwani (2000), Filardo (2000) and Goodhart (2000).”
- Asset prices and central bank policy (2000, background): “Meredith-Chinn (1998), Wadhwani (1999)), and for a variety of different exchange rates in developed economies, and it continues to reject the uncovered interest parity hypothesis.”
- Leaning Against Boom-Bust Cycles in Credit and Housing Prices (2013, neutral): “1”
- The Economics of the Fed Put (2020, neutral): “(2017) study how central bank transparency influences monetary policymakers’ deliberations, while Hansen and McMahon (2016) analyze the effects of Fed communication on both asset markets and macroeconomic outcomes.”