The Resource Macroeconomic patterns and monetary policy in the run-up to asset price busts, prepared by Prakash Kannan, Pau Rabanal, and Alasdair Scott, (electronic resource)

Macroeconomic patterns and monetary policy in the run-up to asset price busts, prepared by Prakash Kannan, Pau Rabanal, and Alasdair Scott, (electronic resource)

Label
Macroeconomic patterns and monetary policy in the run-up to asset price busts
Title
Macroeconomic patterns and monetary policy in the run-up to asset price busts
Statement of responsibility
prepared by Prakash Kannan, Pau Rabanal, and Alasdair Scott
Creator
Contributor
Subject
Language
eng
Summary
We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of asset price busts. By contrast, credit, shares of investment in GDP, current account deficits, and asset prices typically rise, providing useful, if not perfect, leading indicators of asset price busts. These patterns could also be observed in the build-up to the current crisis. Monetary policy was not the main, systematic cause of the current crisis. But, with inflation typically under control, central banks effectively accommodated these growing imbalances, raising the risk of damaging busts
Related
Member of
Action
digitized
Additional physical form
Online (ebrary)
Cataloging source
CaPaEBR
Characteristic
  • unknown
  • online system or service
Government publication
international or intergovernmental publication
LC call number
HF5681.A8
LC item number
.K366 2009eb
Series statement
IMF working paper
Series volume
WP/09/252
Label
Macroeconomic patterns and monetary policy in the run-up to asset price busts, prepared by Prakash Kannan, Pau Rabanal, and Alasdair Scott, (electronic resource)
Publication
Note
"November 2009"
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references (p. 17-19)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
000053023561
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451918137
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b3720841x
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)680613649
  • imf1451918135
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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