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2019, Paper, "We develop a model in which risk-averse, specialized bond investors must be paid to absorb shocks to the supply and demand for long-term bonds in two currencies.…
The Fed, the Bond Market, and Gradualism in Monetary Policy. Adi Sunderam, Jeremy Stein, February 2016, Paper. "We develop a model of monetary policy with two key features: (i)…
Gradualism in Monetary Policy: A Time-Consistency Problem? Jeremy C. Stein, Adi Sunderam, June 2015, Paper. "We develop a model of monetary policy with two key features…