Since 2014
L'aumento dei prezzi delle attività e la politica monetaria
Moneta e Credito
View Archive Info| Field | Value | |
| Title |
L'aumento dei prezzi delle attività e la politica monetaria
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| Creator |
KINDLBERGER, C.P.
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| Subject |
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Interest rates, Asset-backed securities, Asset backed securities E52, E31 |
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| Description |
Asset inflation is characterised by an increase in the prices of assets while output prices are relatively stable or on a decline. In the event of asset inflation, international coordination of monetary policy is an observable trend. For instance, in 1989, when Japan was at the worst phase of the recession, the Bank of Japan lowered interest rates and the US and German discount rates also declined at the same time. However, most mainstream economists believe that monetary policy should be aimed at the stability of the general price level rather than zeroing on asset prices. The nature, importance and historical evolutionary of concern with asset inflation are discussed. JEL Codes: E52, E31
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| Publisher |
Associazione Economia civile
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| Contributor |
—
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| Date |
2013-10-25
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articolo peer-review |
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| Format |
application/pdf
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| Identifier |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11000
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| Source |
Moneta e Credito; Vol 48, N° 189 (1995)
Moneta e Credito; Vol 48, N° 189 (1995) 2037-3651 |
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| Language |
ita
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| Relation |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11000/10875
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| Rights |
Copyright (c) 2016 C.P. KINDLBERGER
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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