Working paper on an application of statistical unusualness to assess the plausibility of the Federal Reserve's stress scenarios.

See https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3764123

2022-02-21 update:
Published in the Journal of Risk Volume 24, Number 3 (February 2022).
https://doi.org/10.21314/JOR.2021.026