A thread on my paper on macroprudential (accounting) rules and monetary policy, out on the RFS! We study how the valuation of banks' security holdings affect banks' response to monetary policy. Main focus is lending, but we also study security trading t.co/uC3mnopeES

Thinking about buying a Tesla because "it's good for the environment"? Think again: www.wsj.com/business/aut... Oh and hello everyone on Bluesky, this is my first post here! Feels good to have a place where there is truly freedom of speech (I'll try the same post on X, let's see what happens!)