BoE's Bean on asset prices and inflation targets

In a speech on 'Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?' Charles Bean of the Bank of England said yes, (flexible) inflation targets are enough. But more investigation is needed into understanding the way in which financial imbalances and asset price misalignments in practice affect economic prospects.

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Speech by Charles Bean, Chief Economist at the Bank of England

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