Atkeson, Andrew (contributor); Kehoe, Patrick J. (contributor) - 2008
comovements in the short rate and the macro-
economy at business cycle frequencies. Empirical work in finance indicates that at … business
cycle frequencies it is risk that moves when the short rate moves. This result is derived from
regressions that show … rate.
Is this empirical work in finance a problem for standard analyses of monetary policy
at business cycle frequencies …