Asset Price Bubbles and Monetary Policy

Conference Details

The Federal Reserve Bank of Chicago and the Banque de France jointly sponsored a conference entitled Asset Price Bubbles and Monetary Policy, held on site at the Banque de France in Paris, France. The aim of the conference was to convene leading economists working on understanding why asset prices can diverge from the underlying fundamental worth of these assets, and how policymakers should respond if and when such events occur.

Topics to be covered during the conference included the role of financial frictions and bubbles, the welfare implications of bubbles and policy interventions, patterns in housing markets and what data policymakers should follow to detect the possibility of bubbles. The conference also featured a panel discussion with Christian Noyer, Governor of the Banque de France and Charles L. Evans, President and CEO of the Federal Reserve Bank of Chicago.

Conference Organizers