Kokores, Ioanna T.; Kanas, Angelos - In: Money, trade and finance : recent trends and …, (pp. 131-140). 2021
We assess whether monetary policymakers follow systemic risk in adjusting monetary policy for the US. over a period spanning from 1960 to 2011. We evaluate the reactions of monetary policy variables during the corresponding periods of high and low systemic risk. We estimate a threshold Vector...