标题:Discussion of “Interest Rate Dynamics and Monetary Policy Implementation in Switzerland” by Puriya Abbassi, Dieter Nautz and Christian J. Offermanns
摘要:The paper by Abbassi, Nautz, and Offermanns (ANO) provides a very good description of the Swiss National Bank’s (SNB) monetary policy implementa- tion framework. It carefully explains some aspects of this framework that could be surprising, such as the role of rate expectations, and it includes a statistical analysis of interest rate dynamics before and during the crisis. Overall this is a nice paper.