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Cited by 1,228

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Monetary Policy and Asset Price Volatility

Open access
Bernanke, Ben, Gertler, Mark·2012·New Perspectives on Asset Price Bubbles
DOI 10.1093/acprof:osobl/9780199844333.003.0006
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Abstract

This chapter examines the volatility of asset price bubbles and its implications for monetary policy. It first considers how asset prices interact with the real economy before expanding the financial accelerator model by incorporating exogenous bubbles in asset prices. It then explores how an asset bubble affects real activity via the wealth effect on consumption and firms' financial decisions via appreciations of assets on the balance sheet. Using stochastic simulations, it suggests that central banks should view price stability and financial stability as highly complementary and that central bank policies should not respond to changes in asset prices, except insofar as they signal changes in expected goods and services inflation.

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Crossref · 10.1093/acprof:osobl/9780199844333.003.0006

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Metadata

Authors
Bernanke, B., & Gertler, M.
Venue
New Perspectives on Asset Price Bubbles
Publisher
Oxford University Press
Published
2012-03-01
Pages
173-210
DOI
10.1093/acprof:osobl/9780199844333.003.0006
OpenAlex
W1939907922
Cited by
1,228
References
3
FWCI
154.82
Type
book chapter
Language
en
Open access
green

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CoChat. (2026). Citation check: Monetary Policy and Asset Price Volatility. https://app.cochat.ai/papers/10.1093/acprof:osobl/9780199844333.003.0006
The paper
Bernanke, B., & Gertler, M. (2012). Monetary Policy and Asset Price Volatility. New Perspectives on Asset Price Bubbles. https://doi.org/10.1093/acprof%3Aosobl/9780199844333.003.0006

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.