Risk management-driven policy rate gap
Giovanni Caggiano, Efrem Castelnuovo, Gabriela Nodari
Economics Letters | ELSEVIER SCIENCE SA | Published : 2018
Awarded by Australian Research Council
We thank Jesus Fernandez-Villaverde for a discussion which triggered the writing of this paper, and participants to the workshops organized by DIW Berlin and the University of Padova and to the Australian Conference of Economists (Canberra) for their useful comments. The opinions expressed in this paper do not necessarily represent those of the Reserve Bank of Australia. Financial support from the Australian Research Council via the Discovery Project DP160102281 is gratefully acknowledged.