that would require an increased level of caution from
the regulatory point of view...Discretionary
O-SII
Limiting the systemic impact of
misaligned incentives with a...
Monetary news: Fed exogenously changes (expected) short rate
Traditional view; large...Ex-post:
it − iM
t′ = ψtXt − ψM
t′ X M
t′
• CB communication can affect market...
