Classic FIT and Lean FIT: Is Inflation-Targeting Guilty of Causing the Financial Instability of 2007–2009?

AbstractThe following sections are included:IntroductionThe Cause of the Global Financial CrisisCausesFlexible Inflation Targeting (FIT) and BubbleDigression: The Japanese Bubble ExperienceMiddle Ground: Should the Central Bank Target Asset Prices?Collecting and Calculating Housing Price DataLegal Framework to Avoid Too-Big-to-FailCommitment to FIT with Financial StabilityConcluding RemarksReferences

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Authors:	Ito, Takatoshi
Published in:	The Role of Central Banks in Financial Stability:How Has It Changed?.
Subject:	Financial Stability \| Financial Regulation \| Macroprudential Regulation \| Systemic Risk \| Dodd-Frank \| Financial Crisis

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	E58 - Central Banks and Their Policies ; G01 - Financial Crises
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011206407