Asset bubble
RBA’s Richards bemoans housing shortage
RBA’s head of economic analysis says undersupply could cause prices to rocket
Reserve Bank of India – Annual Report 2008-2009
Reserve Bank of India’s latest Annual Report says monetary policy should look at asset bubbles and leverage
Trichet: asset prices impact policy
European Central Bank’s Jean-Claude Trichet says that asset-price dynamics impact the central bank’s policy decisions
RBA's Debelle: leaning against the wind useless
There is not much to be achieved by leaning against the wind, said Guy Debelle, the assistant governor for financial markets at the Reserve Bank of Australia.
Modelling animal spirits
John Quiggin says George Akerlof and Robert Shiller's new book is a manifesto for a new approach to economic modelling.
RBI's Mohan wants rethink on asset-price bubbles
The relationship between monetary policy and asset prices needs to be revisited, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
SF Fed's Yellen: rates may have to burst bubbles
Janet Yellen, the president of the San Francisco Federal Reserve, has acknowledged that rate hikes may be necessary to counter asset-price bubbles, challenging a central tenet of the Greenspan-era Fed and her own previously-held views.
"Leaning against the wind" to rise - Stevens
Glenn Stevens, the governor of the Reserve Bank of Australia, expects the view that monetary policy should "lean against the wind" when asset prices are rising will gain in followers in the aftermath of the current market turmoil.
Bubbles becoming ever-more frequent: BoJ head
Masaaki Shirakawa, the governor of the Bank of Japan, has noted that asset-price bubbles are becoming more and more frequent.
Gieve: we need new instruments
Sir John Gieve, the deputy governor of the Bank of England, has admitted that the Bank underestimated the scale of the credit crisis and said the turmoil has demonstrated the need to equip central banks with new policy tools.
Fed's Kohn unconvinced rates should burst bubbles
The Federal Reserve's vice-chair believes it is still wrong for monetary policy to aim at bursting asset price bubbles despite events since last summer.
Chile's De Gregorio on handling bubbles
The lesson from the present crisis is that we cannot wait for asset-price bubble to burst before addressing its effects, said Jose De Gregorio, the governor of the Central Bank of Chile.
Risks from low rates warrant attention: Shirakawa
Central banks must be watchful after a period of low rates, cautioned Masaaki Shirakawa, the governor of the Bank of Japan.
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
Interview: Robert Shiller
Robert Shiller, one of the leading authorities on the American housing market and the structured products built around it, talks to Malan Rietveld about the causes of the current crisis and the policy response
Fed's Plosser on housing and monetary policy
The recent reversal of the boom in housing activity and house prices in the United States has contributed to a slowdown in economic growth, says Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, in this speech. But, he argues,…
Central bank sees "soft landing" for Irish housing
With Ireland's economy set fair, the property market is heading for a soft landing, says John Hurley, the governor of Ireland's central bank.
Central banks and bubbles: Prevention or cure?
This article published Friday 15 December by Rediff News asks whether it's the Reserve Bank of India's job to go around pricking asset price bubbles.
Central banks facing effects of money glut
According to this article published Monday 30 October by Bloomberg News, central bankers may have new asset bubbles and inflation risks on their hands without further tightening.
Central banks need not divine bubbles
According to this article by Samuel Brittan of the Financial Times, published Friday 28 July, the question of whether central bankers should target asset prices will not go away.
Bubbles caused by cheap cash menace world economy
According to this article from Reuters, published Tuesday 25 July, with cheap financing in abundance, financial bubbles are bound to keep building.
Have central banks sown the seeds of the next bust
In an article published Monday 3 July, Stephen Roach of Morgan Stanley says he is increasingly worried that history will not treat the recent record of central banking kindly.
Comment: The housing bubble debate
In a recent working paper for the Czech National Bank Stephen Cecchetti, an economist at Brandeis University concludes that "monetary policymakers have no choice but to face the risks posed by asset price bubbles head on".
ECB's Papademos on central banks in 21st century
In the speech 'Central banks in the 21st century' given on 8 June Lucas Papademos of the ECB said he agrees that asset price bubbles are difficult to identify in real time and are thus often only identified ex post.