Pride Goes Before a Fall: Federal Reserve Policy and Asset Markets
---- Acknowledgements ----
This paper was prepared Cato's 28th Annual Monetary Conference, Asset Bubbles and Monetary Policy, November 18, 2010, Washington DC. The authors wish to thank Adam Posen and conference participants for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.