Financial Zen - Bok av Jacob Michael - Häftad
Applying vector autoregression (VAR) techniques, this paper investigates the effects of monetary policy on financial stability in the United Sates, using monthly data for 1990-2014. Alternative indicators of monetary policy are used to assess the dynamic responses of a key set of financial stability variables. By building upon a disaggregation made in the literature, the financial stability transmission channels of monetary policy are also analysed.This study finds that the net effect of monetary..
