Stein: Comments on "Market Tantrums and Monetary Policy"

I am delighted to have the opportunity to discuss the paper “Market Tantrums and Monetary Policy.” It is timely, provocative, and extremely insightful. Let me start by summarizing what I take to be the paper’s main messages.1 First, the authors argue that policymakers should pay careful attention…

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Stein: Comments on "Market Tantrums and Monetary Policy"