Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In "Asset Prices and Monetary Policy", leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system.The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.
- ISBN10 0226092119
- ISBN13 9780226092119
- Publish Date 15 October 2008
- Publish Status Active
- Publish Country US
- Imprint University of Chicago Press
- Format Hardcover
- Pages 440
- Language English
- URL http://wiley.com/remtitle.cgi?isbn=9780226092119