Bubbles and Central Banks: Historical Perspectives

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Asset Price Bubbles and Systemic Risk (2019, unknown): “Another broad strand of the literature deals with the role of monetary policy for the development of asset price bubbles and financial stability (see, for example, Bordo and Jeanne, 2002; Gaĺı, 2014; Gaĺı and Gambetti, 2015; Brunnermeier and Schnabel, 2016).”
Too late, too sudden: Transition to a low-carbon economy and systemic risk (2016, background): “18 Brunnermeier and Schnabel (2015) find that the severity of the economic crisis following the bursting of an asset price bubble is linked to the degree of debt financing of the bubble asset.”