Wischnewsky, Arina; Jansen, David-Jan; Neuenkirch, Matthias - 2019 - This version: May 2019
This paper retraces how financial stability considerations interacted with U.S. monetary policy before and during the … are consistent with a preference for monetary policy reacting to financial instability rather than acting pre-emptively to … to Taylor-rule models. In particular, negative financial stability sentiment coincided with a more accommodative monetary …