Asset Prices and Monetary Policy.

• Position: Bureau Books - Conference notes

Asset Prices and Monetary Policy, edited by John Y. Campbell, is available from the University of Chicago Press This NBER Conference Report costs $85.00.

Economic growth, low inflation, and financial stability are among the most important goals of policymakers, and central banks--such as the Federal Reserve--are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policymakers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market...