Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/111837
Authors: 
König, Philipp
Pothier, David
Year of Publication: 
2015
Series/Report no.: 
DIW Roundup: Politik im Fokus 55
Abstract: 
The question of whether monetary policy should target asset prices remains a contentious issue. Prior to the 2007/08 financial crisis, central banks opted for a wait-and-see approach, remaining passive during the build-up of asset price bubbles but actively seeking to stabilize prices and output after they burst. The macroeconomic and financial turbulence that followed the subprime housing bubble has led to a renewed debate concerning monetary policy’s role in maintaining financial stability. This Round-Up provides a brief overview of this topic.
Document Type: 
Research Report

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