Is there any role for monetary policy in addressing bubbles?
The best line in recent days came from Lou Jiwei, chairman of the sovereign wealth fund, China Investment Corp., talking about why he expects to have a good year: "Both China and America are addressing bubbles by creating more bubbles and we're just taking advantage of that.
"There appears to be enough evidence, at least tentatively, to conclude that our strategy of addressing the bubble's consequences, rather than the bubble itself, has been successful," Mr. Greenspan told the American Economic Association's annual meeting.
"There appears to be enough evidence, at least tentatively, to conclude that our strategy of addressing the bubble's consequences rather than the bubble itself has been successful," Greenspan told a meeting of economists.
In this paper attempts are made to address how bubble behaviour in a batch oscillatory baffled column (OBC) contributes to the overall measured enhancement in mass transfer.
But hiding within the comments accompanying Malady's essay, another debate — one that his article did not address — bubbled up quietly: is it more correct to say "on line," or "in line"?
This feature of optically addressed systems is also inherent in the opto-thermocapillary flow-addressed bubble (OFB) microrobot system [19],[19].
In December, they directly addressed the housing bubble question.
The implication is that the Fed believes that regulation and supervision, rather than tighter monetary policies, should be used to address asset bubbles in the future.
Accurate control and precise positioning of opto-thermocapillary flow-addressed bubble microrobots are necessary for micromanipulation.
