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Asymmetric monetary policy with respect to asset markets

Andreas Hoffmann

Oxonomics: Oxford university economic studies2009https://doi.org/10.1111/j.1752-5209.2009.00036.xarticle
ABDC B
Weight
0.57

What the paper says

Abstract. The paper suggests that during Greenspan's incumbency the Federal Reserve (Fed) lowered interest rates rapidly when asset price developments suggested a crisis potential. Whereas, when asset markets were growth‐supporting, the Fed did not raise interest rates. This asymmetry contributed to a downward‐trend in interest rates which pushed US interest rates down to zero in the current crisis.

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https://doi.org/https://doi.org/10.1111/j.1752-5209.2009.00036.x

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@article{andreas2009,
  title        = {{Asymmetric monetary policy with respect to asset markets}},
  author       = {Andreas Hoffmann},
  journal      = {Oxonomics: Oxford university economic studies},
  year         = {2009},
  doi          = {https://doi.org/https://doi.org/10.1111/j.1752-5209.2009.00036.x},
}

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Asymmetric monetary policy with respect to asset markets

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Evidence weight

0.57

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.60 × 0.4 = 0.24
M · momentum0.70 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.