---
title: Risk Appetite and Monetary Transmission
url: https://www.ml-quant.com/papers/repec/fip-fedfwp-103796/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-09
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:fip:fedfwp:103796
source_url: https://econpapers.repec.org/RePEc:fip:fedfwp:103796
featured: 2026-10-09
citations: unknown
topic: Asset Pricing & Factors
---


# Risk Appetite and Monetary Transmission

The research shows Fed policy affects risk asset prices primarily through risk appetite shifts, not interest rates; transmission via risk appetite dwarfs rate-channel effects.

- Source: https://econpapers.repec.org/RePEc:fip:fedfwp:103796
- Identifier: RePEc:fip:fedfwp:103796
- Released: 2026-10-05
- First featured: Quant Letter No. 134 (2026-10-09): https://www.ml-quant.com/issues/2026-10-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors
- Authors: Michael D. Bauer, Maik Schmeling, Andreas Schrimpf

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