Australia's RBA: Monetary policy can fix bubbles

Research published on Tuesday 17 November by the Reserve Bank of Australia suggests monetary policy can help to reduce asset price bubbles, An active strategy, the paper says, requires judgements to be made about what is driving the bubble and how likely it is to react to monetary policy changes.

Source: Dow Jones

Monetary policy can help resolve asset price bubbles in certain circumstances, according to a research paper released Tuesday by the Reserve Bank of Australia.

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