Matches in SemOpenAlex for { <https://semopenalex.org/work/W1584240361> ?p ?o ?g. }
- W1584240361 abstract "How should central banks take into account movements in asset prices in the conduct of monetary policy? We provide an analysis to address this issue using a dynamic stochastic general equilibrium model incorporating both price rigidities and financial market imperfections. Our findings are twofold. First, in the presence of these two sources of distortion in the economy, central banks face a policy trade-off between stabilizing inflation and the output gap. With this trade-off, central banks could strike a better balance between both objectives if they took variables other than inflation, such as asset prices, into consideration. Second, these benefits decrease when central banks rely on limited information about the underlying sources of asset price movements and cannot judge which part of the observed asset price movements reflects inefficiencies in the economy." @default.
- W1584240361 created "2016-06-24" @default.
- W1584240361 creator A5045000955 @default.
- W1584240361 creator A5054353445 @default.
- W1584240361 creator A5076520198 @default.
- W1584240361 date "2009-09-01" @default.
- W1584240361 modified "2023-09-27" @default.
- W1584240361 title "Asset Prices and Monetary Policy" @default.
- W1584240361 cites W1486404282 @default.
- W1584240361 cites W1515058647 @default.
- W1584240361 cites W1743158320 @default.
- W1584240361 cites W1976140283 @default.
- W1584240361 cites W2065719927 @default.
- W1584240361 cites W2100990328 @default.
- W1584240361 cites W2124532652 @default.
- W1584240361 cites W2128429192 @default.
- W1584240361 cites W2144395073 @default.
- W1584240361 cites W2150648081 @default.
- W1584240361 cites W2154967233 @default.
- W1584240361 cites W3121214165 @default.
- W1584240361 cites W3121236665 @default.
- W1584240361 cites W3121408141 @default.
- W1584240361 cites W3122181891 @default.
- W1584240361 cites W3122747666 @default.
- W1584240361 cites W3123153263 @default.
- W1584240361 cites W3123284209 @default.
- W1584240361 cites W3123325515 @default.
- W1584240361 cites W3124358057 @default.
- W1584240361 cites W3124768786 @default.
- W1584240361 cites W3125420330 @default.
- W1584240361 cites W815678029 @default.
- W1584240361 hasPublicationYear "2009" @default.
- W1584240361 type Work @default.
- W1584240361 sameAs 1584240361 @default.
- W1584240361 citedByCount "0" @default.
- W1584240361 crossrefType "journal-article" @default.
- W1584240361 hasAuthorship W1584240361A5045000955 @default.
- W1584240361 hasAuthorship W1584240361A5054353445 @default.
- W1584240361 hasAuthorship W1584240361A5076520198 @default.
- W1584240361 hasConcept C10138342 @default.
- W1584240361 hasConcept C103382277 @default.
- W1584240361 hasConcept C106159729 @default.
- W1584240361 hasConcept C121332964 @default.
- W1584240361 hasConcept C126285488 @default.
- W1584240361 hasConcept C126780896 @default.
- W1584240361 hasConcept C127413603 @default.
- W1584240361 hasConcept C139719470 @default.
- W1584240361 hasConcept C162324750 @default.
- W1584240361 hasConcept C169029255 @default.
- W1584240361 hasConcept C181236170 @default.
- W1584240361 hasConcept C183206440 @default.
- W1584240361 hasConcept C194257627 @default.
- W1584240361 hasConcept C200941418 @default.
- W1584240361 hasConcept C24326235 @default.
- W1584240361 hasConcept C2779513878 @default.
- W1584240361 hasConcept C33332235 @default.
- W1584240361 hasConcept C38652104 @default.
- W1584240361 hasConcept C41008148 @default.
- W1584240361 hasConcept C46362747 @default.
- W1584240361 hasConcept C556758197 @default.
- W1584240361 hasConcept C76178495 @default.
- W1584240361 hasConceptScore W1584240361C10138342 @default.
- W1584240361 hasConceptScore W1584240361C103382277 @default.
- W1584240361 hasConceptScore W1584240361C106159729 @default.
- W1584240361 hasConceptScore W1584240361C121332964 @default.
- W1584240361 hasConceptScore W1584240361C126285488 @default.
- W1584240361 hasConceptScore W1584240361C126780896 @default.
- W1584240361 hasConceptScore W1584240361C127413603 @default.
- W1584240361 hasConceptScore W1584240361C139719470 @default.
- W1584240361 hasConceptScore W1584240361C162324750 @default.
- W1584240361 hasConceptScore W1584240361C169029255 @default.
- W1584240361 hasConceptScore W1584240361C181236170 @default.
- W1584240361 hasConceptScore W1584240361C183206440 @default.
- W1584240361 hasConceptScore W1584240361C194257627 @default.
- W1584240361 hasConceptScore W1584240361C200941418 @default.
- W1584240361 hasConceptScore W1584240361C24326235 @default.
- W1584240361 hasConceptScore W1584240361C2779513878 @default.
- W1584240361 hasConceptScore W1584240361C33332235 @default.
- W1584240361 hasConceptScore W1584240361C38652104 @default.
- W1584240361 hasConceptScore W1584240361C41008148 @default.
- W1584240361 hasConceptScore W1584240361C46362747 @default.
- W1584240361 hasConceptScore W1584240361C556758197 @default.
- W1584240361 hasConceptScore W1584240361C76178495 @default.
- W1584240361 hasLocation W15842403611 @default.
- W1584240361 hasOpenAccess W1584240361 @default.
- W1584240361 hasPrimaryLocation W15842403611 @default.
- W1584240361 hasRelatedWork W1484911104 @default.
- W1584240361 hasRelatedWork W1525359807 @default.
- W1584240361 hasRelatedWork W1600935682 @default.
- W1584240361 hasRelatedWork W1605098964 @default.
- W1584240361 hasRelatedWork W1723633831 @default.
- W1584240361 hasRelatedWork W2118547492 @default.
- W1584240361 hasRelatedWork W2138483333 @default.
- W1584240361 hasRelatedWork W2904713139 @default.
- W1584240361 hasRelatedWork W3087304285 @default.
- W1584240361 hasRelatedWork W3121214165 @default.
- W1584240361 hasRelatedWork W3121270457 @default.
- W1584240361 hasRelatedWork W3121603908 @default.
- W1584240361 hasRelatedWork W3121946177 @default.
- W1584240361 hasRelatedWork W3122185418 @default.