…to all other items that consumers buy. Note that this indicator of health care inflation measures the prices of out-of-pocket medical expenses, including insurance premia that individuals pay. (For details…

…the private sector to the central bank’s balance sheet. This pushes down risk premia, and prompts private sector investors to move into riskier assets. As a result, financial market conditions…

…In fact there are thousands of nominal interest rates on debt with different maturities and defult risks. Clearly the Fed can affect risk premia permanently by changing the amount of…

…and training a qualified worker or from uh investing. An increase in risk premia implies more discounting of the flow of expected future profits and can reduce both investment and…

…down risk premia and making huge losses every recession and so working as an automatic stabilizer (oh and retiring the US net federal debt and making the social security and…

…A rise in the Federal Fund Rate, on the other hand, could initially decrease the term premia, although other interest rates would likely follow. These changes take place, moreover, while…

…details which was ignored. The professions response to 2008 has been to focus on risk premia and how they change (without necessarily insisting on an explanation which has anything to…

…the expected losses from the risk of debt default (as compensated ex ante by higher interest rate premia) would equal the expected losses from debt repayments in a depreciating currency….

…equivalent from the investor standpoint: the expected loss from the risk of debt default (as compensated ex ante by higher interest rate premia) would equal the expected loss from debt…

…He also claims that such expectations are showing up in interest rate changes, even though over on Econbrowser Menzie Chinn argues that if one accounts for liquidity and term premia,…