Abstract
• Questions modelling on past data to capture changed central bank behaviour at the ZLB; • notes the incompleteness of stress tests when the balance sheet is not shocked; • explains why stress testing central bank finances is not cost-benefit analysis and • addresses the unspoken question of why the Fed׳s financial results should matter.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
