Browsing Articles by Author "Gali, Jordi"
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Monetary policy and asset price bubbles: a laboratory experiment
Gali, Jordi; Giusti, Giovanni; Noussair, Charles (Journal of Economic Dynamics and Control. 2021 Sep;130:1-15, 2021-09)Leaning-against the-wind (LAW) policies, whereby interest rates are raised in the face of a growing asset price bubble, are often advocated as a means of dampening such bubbles. On the other hand, there ...