Chapter

Remarks

Donald L. Kohn, Laurence H. Meyer and William C. Dudley

in Asset Prices and Monetary Policy

Published by University of Chicago Press

Published in print October 2008 | ISBN: 9780226092119
Published online February 2013 | e-ISBN: 9780226092126 | DOI: http://dx.doi.org/10.7208/chicago/9780226092126.003.0011
Remarks

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This chapter presents a panel discussion among three distinguished practitioners: Governor Donald L. Kohn of the Federal Reserve; former Governor Laurence H. Meyer, now vice chairman of Macroeconomic Advisers LLC; and William C. Dudley, advisory director of Goldman, Sachs & Co. The three panelists share the view that asset markets periodically develop “bubbles,” upward price movements that cannot easily be justified by fundamentals and that often end in sharp declines.

Keywords: panel discussion; Donald L. Kohn; Laurence H. Meyer; William C. Dudley; Federal Reserve; Goldman Sachs; Macroeconomic Advisers LLC; asset markets

Chapter.  11911 words. 

Subjects: Macroeconomics and Monetary Economics

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