Sökning: "asymmetric reaction function"

Hittade 1 uppsats innehållade orden asymmetric reaction function.

  1. 1. Heads I Win, Tails I Get Bailed Out: On Moral Hazard and Asset Price Bubbles

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Författare :Clara Fernström; [2008]
    Nyckelord :moral hazard; central banking; asymmetric reaction function; financial crises; asset price bubbles;

    Sammanfattning : Recent years’ asset price bubbles and financial crises have incurred a debate about central banks’ role in times of considerable movements in asset prices. Previous research has found that central banks should react to break-downs of asset price bubbles but not to build-ups. LÄS MER