Boyarchenko, Nina; Crump, Richard K.; Dogra, Keshav; … - 2024
We re-examine the relationship between monetary policy and financial stability in a setting that allows for nonlinear …, time-varying relationships between monetary policy, financial stability, and macroeconomic outcomes. Using novel machine …-learning techniques, we estimate a flexible "nonlinear VAR" for the stance of monetary policy, real activity, inflation, and financial …