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| Title | Date | Publication | Author(s) |
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Have International Developments Lowered the Neutral Rate?
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December 2005 | Economic Commentary | Humpage, Owen F |
| Abstract: N/A |
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Why Policymakers Might Care about Stock Market Bubbles
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May 15, 2005 | Economic Commentary | Gomme, Paul |
| Abstract: This Commentary makes a case for Fed action in the event of a stock market bubble. Because stock market prices serve as a signal to business managers to invest, bubbles can mislead managers into investing when it is not profitable. The overinvestment, which becomes apparent after the bubble bursts, can lead to a period of low investment, which can cause a recession. Policymakers may wish to step in to end a bubble before stock prices get too far out of line relative to their fundamentals. |
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Economic Research and Data