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Unformatted text preview: b. What are the main problems with a proactive monetary policy approach to asset bubbles? c. Empirically, when is credit expansion most often indicative of a bubble? d. Mention 2 mistakes made by the Fed that prolonged and extended the Great Depression...
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This note was uploaded on 10/09/2010 for the course ECON 1500 taught by Professor Carkovic during the Fall '10 term at Brown.
- Fall '10
- Monetary Policy