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Additional Authors:

  • Jeremy Stein

Excerpt

Comments on "Market Tantrums and Monetary Policy". Jeremy Stein, February 28, 2014, Opinion. "I am delighted to have the opportunity to discuss the paper "Market Tantrums and Monetary Policy." It is timely, provocative, and extremely insightful. Let me start by summarizing what I take to be the paper's main messages. First, the authors argue that policymakers should pay careful attention not just to measures of leverage in the banking and shadow banking sectors, but also to the financial stability risks that might arise from the behavior of unlevered asset managers..." Link Verified October 12, 2014