7. The Effect of Monetary Policy on Real Commodity Prices

Chapters in this book

1. Frontmatter i
2. Relation of the Directors to the Work and Publications of the National Bureau of Economic Research vi
3. Contents vii
4. Acknowledgments ix
5. Introduction 1
6. 1. Measuring the Macroeconomic Risks Posed by Asset Price Booms 9
7. 2. Expectations, Asset Prices, and Monetary Policy 45
8. 3. Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints 103
9. 4. Inflation Illusion, Credit, and Asset Prices 147
10. 5. Learning, Macroeconomic Dynamics, and the Term Structure of Interest Rates 191
11. 6. Revealing the Secrets of the Temple 247
12. 7. The Effect of Monetary Policy on Real Commodity Prices 291
13. 8. Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices 335
14. 9. Is Bad News about Inflation Good News for the Exchange Rate? 371
15. Remarks 397
16. Contributors 423
17. Author Index 427
18. Subject Index 431