L'aumento dei prezzi delle attività e della politica monetaria (The increase in asset prices and monetary policy)

Charles P. Kindleberger

Abstract


L’inflazione degli asset, a differenza dell’inflazione ordinaria, che si riferisce a  l'aumento dei prezzi dei beni di consumo, merci all'ingrosso, o il deflatore del reddito nazionale, è un termine che non è in uso in occidente, ma corrente in Giappone. Ci sono momenti in cui gli assets aumenteranno di prezzo in modo inflazionistico, un boom o anche una bolla, mentre i prezzi dell’output sono relativamente stabili o addirittura in calo.

 

Asset inflation, as distinguished from ordinary inflation, the latter referring to rising prices of consumer goods, wholesale commodities, or the national-income deflator, is a phrase not in use in the west, but current in Japan. There are times when assets rise in price in an inflationary way, a boom or even a bubble, while output prices are relatively stable or even declining.

 

JEL Codes: F3, G1, N1, B5

 


Parole chiave


inflazione, asset, Giappone

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Reg. Tribunale di Roma n.377/2009 del 19/11/2009