Essays about: "asymmetric reaction function"

Found 1 essay containing the words asymmetric reaction function.

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

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

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

    Abstract : 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. READ MORE