In this paper we view monetary policy as the equilibrium outcome of a game between a central bank’s monetary policy committee (MPC) and two special interest groups (a financial sector and a political sector) who attempt to bias policy in their favor by offering contribution schedules...

Interest rate spreads on sovereign debt were negatively correlated with the evolution of stock prices during The European Sovereign Debt Crisis. In particular, for a sample of 9 european countries there was a year (between 2009 and 2012) in which the correlation between stock prices and spreads...