Globalization and Asset Prices: Which Trade-Offs Do Central Banks Face in Small Open Economies?

How can globalization affect the optimal choice of monetary policy strategy during asset price booms in a small open economy? Globalization can have an impact on both the supply and the demand side of the economy. Focusing on the supply side of globalization, it has been shown that a flattening of the Phillips curve makes the proactive policy of curbing asset price inflation the more favorable option...

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Year of publication:	2008-12-01
Authors:	Knütter, Rolf ; Wagner, Helmut
Institutions:	Fernuniversität <Hagen> / Fakultät für Wirtschaftswissenschaft
Subject:	Kredit \| Globalisierung \| Anlagegut

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Extent:	211968 bytes 37 p. application/pdf
Series:	Fern Universität - Fakultät Wirtschaftswissenschaft - Diskussionsbeiträge Discussion Paper no. 433
Type of publication:	Book / Working Paper
Language:	English
Classification:	E44 - Financial Markets and the Macroeconomy ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; F41 - Open Economy Macroeconomics ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005867565