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Tuesday, March 12, 2013

Can the Fed Burst the Next Bubble Before It’s Too Late?

The Fed is trying to figure out how to respond to asset price bubbles:

Can the Fed Burst the Next Bubble Before It’s Too Late?

The "Geenspan doctrine" is dead, but will it be replaced by the "Bernanke doctrine" or the "Stein doctrine"? I argue that both of these approaches miss an essential element for successful anti-bubble policy.

    Posted by on Tuesday, March 12, 2013 at 12:24 AM in Economics, Financial System, Politics, Regulation | Permalink  Comments (38)


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