Colombian paper extends Bernanke research on asset price bubbles

central-bank-of-colombia
The Central Bank of Colombia

A paper delivered at a Bank for International Settlements (BIS) conference in April extends a 1999 paper by Ben Bernanke and Mark Gertler, finding its results still hold when applied to a small open economy.

Bernanke and Gertler find it is suboptimal for a central bank operating in a closed economy to use its interest rate to lean against the build-up of asset price bubbles. Martha López, an economist at the Central Bank of Colombia, extends the research to include capital flows and real

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: