Is the FOMC’s policy inflating asset prices?

Journal Article

Abstract: Keeping the policy rate significantly and persistently below \\"long-run equilibrium rates\\" may inflate asset prices.

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File(s): File format is application/pdf https://fraser.stlouisfed.org/title/economic-synopses-6715/fomcs-policy-inflating-asset-prices-624318
Description: Full text

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2011

Order Number: 18