Asset Prices, Nominal Rigidities, and Monetary Policy

Carlstrom, Charles T.; Fuerst, Timothy S.

doi:10.26509/frbc-wp-200413

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Working Paper

Asset Prices, Nominal Rigidities, and Monetary Policy

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Should monetary policy respond to asset prices? This paper analyzes this question from the vantage point of equilibrium determinacy.

12.01.2004WP 04-13DOI 10.26509/frbc-wp-200413

Keywords monetary policy

JEL Classification Codes E31, E52

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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Asset Prices, Nominal Rigidities, and Monetary Policy

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