Christopher Cornell

Latest

Are Currency Crises Low-State Equilibria? An Empirical, Three-Interest-Rate Model

Staff Working Paper 2006-5 Christopher Cornell, Raphael Solomon
Suppose that the dynamics of the macroeconomy were given by (partly) random fluctuations between two equilibria: "good" and "bad."
Content Type(s): Staff Research, Staff Working Papers Topic(s): Uncertainty and monetary policy JEL Code(s): C, C6, C62, E, E5, E59, F, F4, F41

See More

Follow the Bank