Adrian, Tobias; Liang, Jean Nellie - 2014
In the conduct of monetary policy, there exists a risk-return trade-off between financial conditions and financial … monetary policy's risk-return trade-off, including 1) pricing of risk, 2) leverage, 3) maturity and liquidity mismatch, and 4 … counteract the buildup of vulnerabilities, thus mitigating monetary policy's risk-return trade-off. …
