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• W2008024904 abstract "How should asset prices affect monetary policy, and how do they? It is argued that asset prices should not be included in the measure of inflation targeted by monetary policy, which should focus on the prices of goods and services for current consumption. The information yielded directly by asset prices, e.g. about inflation expectations and interest rate expectations, is examined. Finally, the question of what asset prices add to other indicators is considered, and it is concluded that asset prices matter for monetary policy because they help to inform judgements about inflation prospects." @default.
• W2008024904 created "2016-06-24" @default.
• W2008024904 creator A5091876040 @default.
• W2008024904 date "2000-01-01" @default.
• W2008024904 modified "2023-10-16" @default.
• W2008024904 title "Monetary Policy and Asset Prices" @default.
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• W2008024904 doi "https://doi.org/10.1111/1467-9957.68.s1.1" @default.
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