Recent Monetary Policy in the U.S.: Risk Management of Asset Bubbles

Anastasios G Malliaris; Marc D Hayford; A. (Tassos) G. Malliaris

doi:10.1016/j.jeca.2005.01.002

Recent Monetary Policy in the U.S.: Risk Management of Asset Bubbles

Anastasios G Malliaris, Marc D Hayford, A. (Tassos) G. Malliaris

Loyola University Chicago

Loyola University Chicago

Research output: Contribution to journal › Article › peer-review

Abstract

Recently Chairman Greenspan (2003 and 2004) has discussed a risk management approach to the implementation of monetary policy. This paper explores the economic environment of the 1990s and the policy dilemmas the Fed faced given the stock boom from the mid to late 1990s to after the bust in 2000-2001. Drawing on Greenspan's comments about conducting monetary policy in the real world of risk and uncertainty, the paper assesses why US monetary policy was neutral with respect to the stock market boom.

Original language	American English
Journal	School of Business: Faculty Publications and Other Works
Volume	2
Issue number	1
DOIs	https://doi.org/10.1016/j.jeca.2005.01.002
State	Published - Jun 1 2005

Keywords

Monetary Policy
Stock market
Risk Management

Disciplines

Business

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Cite this

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abstract = " Recently Chairman Greenspan (2003 and 2004) has discussed a risk management approach to the implementation of monetary policy. This paper explores the economic environment of the 1990s and the policy dilemmas the Fed faced given the stock boom from the mid to late 1990s to after the bust in 2000-2001. Drawing on Greenspan's comments about conducting monetary policy in the real world of risk and uncertainty, the paper assesses why US monetary policy was neutral with respect to the stock market boom.",

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KW - Monetary Policy

KW - Stock market

KW - Risk Management

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Recent Monetary Policy in the U.S.: Risk Management of Asset Bubbles

Abstract

Keywords

Disciplines

Access to Document

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