Asset bubble
Kate Barker on monetary policy and asset prices
SPEECH - In the speech 'Monetary Policy - A Perpetual Dilemma?' made on 14 October Kate Barker of the Bank of England questioned whether it was the role of monetary policy to protect individuals from the risks asset price bubbles pose and whether such…
Chicago Fed Letter, Special Issue, September 2002
PUBLICATION - The September 2002 Special Issue of the Chicago Fed Letter looks at Asset price bubbles and their implications for monetary, regulatory, and international policies. Difficulties in identifying asset price bubbles were discussed by attendees…
Rational and irrational bubbles
How should central banks react to “irrational exuberance”? Central banks cannot burst what they cannot see, contends Allan Meltzer.
Speech by Eva Srejber of Sveriges Riksbank, 9 July
SPEECH - In the speech titled 'Inflation targeting and bubbles' Srejber said "there are many indications that the real economy effects of the severe stock market fall will be limited". But cautioned that, "it is not possible to write off the risk of…
Speech by J.C. Trichet of Banque de France, 23 Apr
SPEECH - Trichet said in a speech titled 'Asset Price Bubbles and their Implications for Monetary Policy and Financial Stability' that asset price developments are a serious cause of concern for central banks since they may impinge upon both price and…
Speech by M Moskow, President, Chicago Fed, 22 Apr
SPEECH - In his opening remarks to the Asset Bubbles Conference Moskow said that during the last two decades, there have been instances throughout the developed and developing worlds of prolonged build-ups and sharp collapses in asset prices in stock,…
Chicago Fed cancels Oct conference on asset prices
US - The Federal Reserve Bank of Chicago said yesterday, Tuesday 18 September, it had cancelled a conference on asset price bubbles that was co-sponsored by the World Bank.