Sentences with phrase «prevent asset bubbles»
Jon Hilsenrath noted the seeming irony: «In August 1999, as the tech - stock bubble was worsening, Alan Greenspan stood before central - banking colleagues in Jackson Hole, Wyo., and argued it wasn't the central bank's job to prevent asset bubbles.
http://michael-hudson.com/ Not exact matches
By next year, there are questions to answer about what data should guide policy and the extent to which preventing asset - price bubbles should influence the benchmark interest rate.
It has often been couched in terms of using monetary policy to prevent or deflate asset - price bubbles — perhaps to dampen irrational exuberance in stock markets.
Others wonder why economists and policymakers can not prevent, or even spot, most asset bubbles before they become dangerous.
He does not share some foreign central bankers» belief that their job is to defend against excessive asset - price inflation: «No sensible policy,» he maintains, «could have prevented the housing bubble.»
They have no current asset bubbles, they control their own currency, and so there are no hard obstacles that would prevent them from achieving reasonable 6 - 10 % returns over the coming decade or two, barring any major disasters.