Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Unavailable
    Asset Prices, Monetary Policy, and the Business Cycle
    Unavailable
    Asset Prices, Monetary Policy, and the Business Cycle
    Unavailable
    Asset Prices, Monetary Policy, and the Business Cycle
    Ebook35 pages21 minutes

    Asset Prices, Monetary Policy, and the Business Cycle

    By Garry Schinasi

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    The business cycle in several industrial countries during the period 1989-1993 was different from previous post World War II business cycles in important ways. This paper describes the unique character of the recent cycle, examines important underlying structural and macroeconomic factors, and discusses why these unique features emerged. Although many of the structural changes were partly responsible for the overshooting of asset prices and private debt levels, the extreme overshooting could not have occurred without overexpansionary monetary and fiscal policies. The paper examines why inflationary pressures were allowed to accumulate and then discusses a number of lessons for conducting economic policy in the 1990s. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the authors) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.

    LanguageEnglish
    PublisherINTERNATIONAL MONETARY FUND
    Release dateMar 1, 1994
    ISBN9781463920616
    Unavailable
    Asset Prices, Monetary Policy, and the Business Cycle

    Related to Asset Prices, Monetary Policy, and the Business Cycle

    Related ebooks

    Money & Monetary Policy For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      From The Editor...

      Sep 22, 2023

      From The Editor...
      2 min read

    • Article

      Get Your Portfolio In Order

      Mar 1, 2023

      Get Your Portfolio In Order
      6 min read

    • Article

      Beware The Ghost Of Inflation

      Mar 31, 2021

      Beware The Ghost Of Inflation
      2 min read

    • Article

      As China's Property Crisis Grows, Can Nationalisation Help Rebalance Its Economy?

      Sep 4, 2022

      The collapse of the decade-long property boom in China - triggered by a government crackdown on overleveraged property developers in early 2021 - has led to a series of defaults by a number of the country's major developers. More worryingly, the cris

      4 min read

    • Article

      Stagflation: America's Next Potential Economic Hurdle

      Nov 10, 2020

      The shock to the economy from COVID-19 has been roughly of the same magnitude as the Great Financial Crisis (GFC) of 2008. However, while the GFC was a shock to credit, the pandemic has been a shock to income, for both individuals and businesses. Lik

      5 min read

    • Article

      What Australian And Global Economic Indicators Have Positive Outlooks?

      Jul 31, 2019

      As an economist you have a lot of information and therefore a lot to worry about. Personally I’m a risk-averse and long-term investor so I’d invest a $10,000 windfall into my super. In the first instance, for many people this can be more tax effectiv

      3 min read

    • Article

      Zero-sum Game

      Apr 11, 2023

      Zero-sum Game
      8 min read

    • Article

      The Return To Normalcy Is Fraught With Uncertainty

      Apr 30, 2020

      the return to normalcy in global markets may take much longer than anticipated. The average surge of 20% in global markets at the end of April, following the March meltdown, may be an indication of a swift recovery going forward, similar to how marke

      3 min read

    • Article

      A Cause For Celebration

      Sep 30, 2020

      A Cause For Celebration
      15 min read

    • Article

      Curve of Decline

      Aug 13, 2020

      The author is a research fellow with the Chinese Academy of International Trade and Economic Cooperation The U.S. GDP shrank at an unprecedented 32.9-percent annual rate in the second quarter (Q2) of 2020, according to the advance estimate released b

      4 min read

    • Article

      7 Best Commodity Stocks to Play the Coming Boom

      Sep 8, 2021

      It's difficult to remember a time when tech stocks weren't the market-leading sector. For well over a decade now, the major indexes have been dominated by high-growth technology names, and this only accelerated during the pandemic, as home-bound Amer

      1 min read

    • Article

      What China Must Learn From Japan's Decades-long Debt-deflation Slowdown

      May 5, 2024

      At first glance, China's first-quarter gross domestic product numbers seem to validate the state's reliance on production to boost a slowing economy. Compared to the same period last year, GDP in the first quarter grew by 5.3 per cent, driven by a 6.

      4 min read

    • Article

      Why We’re Pushing Our Luck

      Jun 5, 2019

      Why We’re Pushing Our Luck
      2 min read

    • Article

      Sticky And Dangerous

      Nov 30, 2022

      Sticky And Dangerous
      5 min read

    • Article

      Is a Recession Coming?

      Nov 23, 2018

      Is a Recession Coming?
      4 min read

    Reviews for Asset Prices, Monetary Policy, and the Business Cycle

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words