NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Short Rate Disconnect in a Monetary Economy

Moritz Lenel, Monika Piazzesi, Martin Schneider

NBER Working Paper No. 26102
Issued in July 2019

---- Acknowledgments ----

We thank Hengjie Ai, Alan Moreira, Tyler Muir, Ricardo Reis, Oreste Tristani, and Mike Woodford for helpful comments. We also thank the NSF for a research grant that supported this project. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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