Carlstrom, Charles T. (contributor); … - 2004 - [Elektronische Ressource]
prices because a central bank that is responding to general price inflation is already
responding to asset price movements …. They state: “Policy should not respond to asset prices,
except insofar as they signal changes in expected inflation ….”
Cecchetti, Genberg, Lipsky, and Wadhwani (2000), however, argue that central banks,
at least in inflation targeting countries …