Working Paper
Asset Prices, Nominal Rigidities, and Monetary Policy
Should monetary policy respond to asset prices? This paper analyzes this question from the vantage point of equilibrium determinacy.
Suggested Citation
Carlstrom, Charles T., and Timothy S. Fuerst. 2004. “Asset Prices, Nominal Rigidities, and Monetary Policy.” Federal Reserve Bank of Cleveland, Working Paper No. 04-13. https://doi.org/10.26509/frbc-wp-200413
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