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Asset Prices and Monetary Policy

Four Views

By Luigi Spaventa, Mark Gertler, Marvin Goodfriend, and Otmar Issing

This report collects the views of several prominent scholars and central bankers on whether and how asset price developments can be incorporated in the design of monetary policy. The views were expressed in a concluding panel discussion of a conference on Asset Prices and Monetary Policy organized by CEPR and the Bank for International Settlements.

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