Published Classic Journal of Money, Credit and Banking Published Feb 2019A Model of Monetary Policy Shocks for Financial Crises and Normal ConditionsJohn W. Keating · Logan J. Kelly · A. Lee Smith · Victor J. ValcarcelThis 2019 Journal of Money, Credit and Banking paper by John Keating, Logan Kelly, A. Lee Smith, and Victor Valcarcel asks whether replacing the federal funds rate with Divisia M4 (DM4) -- a …