I will discuss the results of experiments using the model presented in Part IV of the course. This analysis explores the possibility that even a reasonable monetary policy may inadvertently add fuel to a stock market boom. Additional materials will be posted soon.

 

Background material includes:

        Assignment #4

        Beaudry and Portier, An Exploration into Pigouís Theory of Cycles.

        Bernanke and Gertler, Should Central Banks Respond to Movements in Asset Prices?