一个实用的防气泡处方

IF 0.4 Q4 ECONOMICS

Economists Voice Pub Date : 2012-07-27 DOI:10.1515/1553-3832.1926

Sandro C. Andrade, Jiangze Bian, Timothy R. Burch

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引用次数: 1

摘要

摘要我们认为，有关资产基本面的信息的协同大规模传播应使资产市场不易产生泡沫。关键思想是建立一个集中和流行的信息源，使关键信息在尽可能多的市场参与者中成为常识。这种现实的、微观层面的反泡沫政策面临的挑战比货币政策和宏观审慎工具要少。

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A Practical Anti-bubble Prescription

Abstract We argue that coordinated mass dissemination of information about asset fundamentals should make asset markets less prone to bubbles. The key idea is to establish a centralized and popular information source to make key information common knowledge across as many market participants as possible. This realistic, micro-level anti-bubble policy faces fewer challenges than monetary policy and macro-prudential tools.

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来源期刊

Economists Voice ECONOMICS-

CiteScore

1.10

自引率

25.00%

发文量

期刊介绍： This journal is a non-partisan forum for economists to present innovative policy ideas or engaging commentary on the issues of the day. Readers include professional economists, lawyers, policy analysts, policymakers, and students of economics. Articles are short, 600-2000 words, and are intended to contain deeper analysis than is found on the Op-Ed page of the Wall Street Journal or New York Times, but to be of comparable general interest. We welcome submitted Columns from any professional economist. Letters to the editor are encouraged and may comment on any Column or Letter. Letters must be less than 300 words.