“My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.” ShouldHouseGoalLinesPolicyBottomEmploymentRisingAssetsInflationBottom LineMonetaryVariablesOutputCentral BanksMonetary PolicyRising Prices Author:Janet Yellen
“However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.” ShouldInterestPolicyPerceptionRateBoundsSpiteZeroMonetaryInterest RateCentral BanksAvertMonetary PolicyDeflation Author:Toshihiko Fukui