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Fisher, Julie; Lang, Catherine; Craig, Annemieke; Forgasz, Helen; McLeod, Amber

doi:10.26530/oapen_605039

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Greenspan's Finale1

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2021

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Cited by 5 publications

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“…The challenge is to recognize that easy monetary conditions may stimulate demand in the short term but, particularly in excess, can also create the conditions that will eventually cause deflationary pressures from falling asset prices and financial instability. 46 The Fed of 2003-2006 was concerned about the threat to its price stability and employment objectives from weak demand. Encouraging an expansion of mortgage credit and auto loans, pumping up house prices and auto sales, were desirable means of strengthening demand.…”

Section: Greenspan's Finalementioning

confidence: 99%