Optimal Macroprudential Policy and Asset Price Bubbles
August 30, 2019
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Format: Chicago
Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary
Subject: Asset bubbles, Asset prices, Collateral, Consumption, Credit, Financial crises, Financial institutions, Financial markets, Money, National accounts, Prices, Stock markets
Keywords: Asset bubbles, Asset price bubble, Asset price overvaluation, Asset prices, Borrowing constraint, Bubble bursting, Bubble component, Collateral, Collateral constraint, Collateral constraints, Consumption, Credit, Credit imbalance, Deflating bubble, Equilibrium asset pricing, Global, Macroprudential regulation, Marginal utility, Optimal policy, Rational bubbles, Real asset, Stock market bubble, Stock markets, Transition probability, WP
Publication Details
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Pages:
44
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Volume:
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DOI:
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Issue:
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Series:
Working Paper No. 2019/184
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Stock No:
WPIEA2019184
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ISBN:
9781513511078
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ISSN:
1018-5941
