Boom-Busts in Asset Prices, Economic Instability and Monetary Policy

By M. Bordo, Olivier Jeanne. 2002

304 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bcdc43c0b55eb5dc7808e8b713067cd6be03ebc3

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In Economics and Econometrics

Citations in the corpus

Liquidity Shocks and Asset Price Boom/Bust Cycles (2007, unknown): “5 Bordo and Jeanne (2002).”
Asset Price Booms and Monetary Policy (2004, unknown): “As shown in Bordo and Jeanne (2002), the optimality of a pre-emptive tightening of policy will then depend on a careful assessment of the probability of a bubble emerging and an estimate of the costs of such pre-emptive action.”
Whither monetary and financial stability? the implications of evolving policy regimes (2004, unknown): “The point is also stressed by Bordo and Jeanne (2002).”
An Historical Perspective on the Crisis of 2007-2008 (2008, unknown): “Bordo and Jeanne ( 2002) consider a circumstance in which the use of preemptive policy against the occurrence of a low probability event, which can have catastrophic consequences, such as a national housing bust, can be welfare improving.”
Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies (2010, background): “Attempting to achieve two objectives with one single 30 The role of housing prices is stressed by Bordo and Jeanne (2002) and Cecchetti et al (2003).”
Monetary Policy and Asset Prices: Does 'Benign Neglect' Make Sense? (2002, unknown): “This article is based on an analysis that is presented in more detail in Bordo and Jeanne (2002).”
A tale of two perspectives: old or new challenges for monetary policy? (2003, background): “These issues are discussed in more detail in eg Corsetti (1998) and Borio (2003). The alternative hypotheses would have implications for predictability, an issue discussed below.”
Identifying the interdependence between US monetary policy and the stock market (2005, unknown): “Bordo and Jeanne (2002a, 2002b) also explore this idea.”
Monetary and Prudential Policies at a Crossroads? New Challenges in the New Century (2006, background): “Bordo and Jeanne (2002) is probably the closest in spirit to Borio and Lowe (2002a), as they focus on the interaction between debt and asset prices.”
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? (2003, unknown): “Bordo and Jeanne (2002) construct a model in which firms can only borrow against collateral, and a credit crunch occurs if asset prices fall sufficiently.”