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How Should Central Banks Respond to Asset-Price Bubbles? The 'Lean' versus 'Clean' Debate After the GFC
16 references·5 citing·41 second hop
How Should Central Banks Respond to Asset-Price Bubbles? The 'Lean' versus 'Clean' Debate After the GFC (2011)How Should Central Banks Respond to Asset…Bailouts and Financial Fragility (2015)Bailouts and Financial Fragil…Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts (2012)Collective Moral Hazard, Matu…Over the Cliff: From the Subprime to the Global Financial Crisis (2011)Over the Cliff: From the Subp…Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Capital regulation, risk-taki…Financial Intermediaries and Monetary Economics (2010)Financial Intermediaries and …This Time Is Different (2009)This Time Is DifferentMoney, Liquidity, and Monetary Policy (2009)Money, Liquidity, and Monetar…Housing and the Monetary Transmission Mechanism (2007)Housing and the Monetary Tran…Has Finance Made the World Riskier? (2006)Has Finance Made the World Ri…Asset prices, financial and monetary stability: exploring the nexus (2002)Asset prices, financial and m…The Transmission Mechanism and the Role of Asset Prices in Monetary Policy (2001)The Transmission Mechanism an…The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap (2000)The Zero Bound in an Open Eco…The Financial Accelerator in a Quantitative Business Cycle Framework (1998)The Financial Accelerator in …Monetary Policy and Bank Lending (1993)Monetary Policy and Bank Lend…Monetary factors in the great depression (1987)Monetary factors in the great…Manias, Panics, and Crashes: A History of Financial Crises (1979)Manias, Panics, and Crashes: …Can monetary policy lean against housing bubbles? (2022)Can monetary policy lean agai…Trade-offs between macroeconomic and financial stability objectives (2019)Trade-offs between macroecono…Can Non-Interest Rate Policies Stabilize Housing Markets? Evidence from a Panel of 57 Economies (2013)Can Non-Interest Rate Policie…Central Banking for Financial Stability in Asia (2012)Central Banking for Financial…Should Monetary Policy Be Used to Counteract Financial Imbalances (2010)Should Monetary Policy Be Use…Credit Rationing in Markets with Imperfect Information (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)The Financial Accelerator and the Flight to Quality (1996)Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States (2000)Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking (2002)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Science of Monetary Policy: A New Keynesian Perspective (1999)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008 (2012)The European Sovereign Debt Crisis (2012)Populism and the economics of globalization (2018)Systemic Banking Crises Database II (2020)Macroeconomics and Reality (1980)Discretion versus policy rules in practice (1993)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)MACROPRUDENTIAL POLICY – A LITERATURE REVIEW (2010)The financial cycle and macroeconomics: What have we learnt? (2013)Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? (2014)Bank Runs, Deposit Insurance, and Liquidity (1983)The Limits of Arbitrage (1995)Back to the basics in banking? A micro-analysis of banking system stability (2009)Bank Risk-taking, Securitization, Supervision, and Low Interest Rates: Evidence from the Euro-area and the U.S. Lending Standards (2011)Neglected risks, financial innovation, and financial fragility (2011)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Bank size, capital, and systemic risk: Some international evidence (2015)Where the Risks Lie: A Survey on Systemic Risk (2015)American Economic Review (2019)Financing Constraints and Corporate Investment (1988)Capital Flows and the Risk-Taking Channel of Monetary Policy (2013)Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence (2015)The East Asian Financial Crisis: Diagnosis, Remedies, Prospects (1998)The Adaptive Markets Hypothesis (2004)From Financial Crash to Debt Crisis (2011)Has Financial Development Made the World Riskier? (2005)Risk, uncertainty and monetary policy (2013)Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 (2009)A Macroeconomic Model with a Financial Sector (2014)
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References

  • 1998The Financial Accelerator in a Quantitative Business Cycle Framework4,624 cited
  • 2009This Time Is Different3,448 cited
  • 1979Manias, Panics, and Crashes: A History of Financial Crises2,838 cited
  • 2011Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?1,799 cited
  • 2012Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts1,121 cited
  • 2006Has Finance Made the World Riskier?919 cited
  • 2002Asset prices, financial and monetary stability: exploring the nexus763 cited
  • 1993Monetary Policy and Bank Lending647 cited
  • 2009Money, Liquidity, and Monetary Policy646 cited
  • 2010Financial Intermediaries and Monetary Economics616 cited
  • 2011Over the Cliff: From the Subprime to the Global Financial Crisis400 cited
  • 2007Housing and the Monetary Transmission Mechanism397 cited
  • 2001The Transmission Mechanism and the Role of Asset Prices in Monetary Policy375 cited
  • 1987Monetary factors in the great depression285 cited
  • 2015Bailouts and Financial Fragility223 cited
  • 2000The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap

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183 cited

Cited by

  • 2013Can Non-Interest Rate Policies Stabilize Housing Markets? Evidence from a Panel of 57 Economies117 cited
  • 2012Central Banking for Financial Stability in Asia33 cited
  • 2019Trade-offs between macroeconomic and financial stability objectives30 cited
  • 2022Can monetary policy lean against housing bubbles?27 cited
  • 2010Should Monetary Policy Be Used to Counteract Financial Imbalances26 cited