# Prof. Kim Schoenholtz's research on monetary policy is cited

1 Faculty News September 26, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-09-26/pimco-etf-probe-spotlights-270-billion-market-vexing-regulators.html) -- "When the Fed eventually tightens credit, it risks causing financial-market turmoil similar to the 'tantrum' that occurred last year after the central bank said it was considering trimming its bond purchases, according to the paper, which was also written by Anil Kashyap of the University of Chicago, [Kermit Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz) of New York University’s Stern School of Business and Hyun Song Shin of Princeton University."

[Read more](http://www.bloomberg.com/news/2014-09-26/pimco-etf-probe-spotlights-270-billion-market-vexing-regulators.html)