Notes on "Asset Bubbles: Re-thinking Policy for the Age of Asset Management"

Asset Bubbles: Re-thinking Policy for the Age of Asset Management
Prepared by Brad Jones
Authorized for distribution by Luc Everaert
February 2015
IMF

compress risk premium -> misallocation of resources
Behavior of asset managers

Bubbles episodes could be more frequent than the past
regulations have to be more multifaceted, guard against the risk of "fighting the last war"
behavior of asset managers creates instability