Dreger, Christian; Wolters, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 56-65
The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for … bubbles in asset markets. In this case, the inclusion of asset prices in the monetary policy rule can eventually limit … and the UK are considered. While monetary policy does not affect share prices, it has a substantial impact on house prices …