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Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts.

We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of asset price busts. By contrast, credit, shares of investment in GDP, current account deficits, and asset prices typically rise, providing useful, if not perfect, leading indicators of...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Scott, Alasdair
Otros Autores: Rabanal, Pau, Kannan, Prakash
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo