What is a safe asset?
…the global economy. Norway may be perceived as ‘safe’, though, due to its AAA status; but that’s of secondary concern. And now I get to my second point: perception of…
…the global economy. Norway may be perceived as ‘safe’, though, due to its AAA status; but that’s of secondary concern. And now I get to my second point: perception of…
…Treasury notes are perceived to bevery safe. MBS were not perceived to be safe at all when the Fed bought a $ trillion worth of them. Elementary theory suggests extremely…
…reviewing his six hypotheses? Not CAFE standards? Update…The first is that SUVs offer a better ratio of perceived value to production cost. That is, there’s an amount of stuff you…
…they will be audited by banking regulators, trustees etc and found wanting. This last point is semi redundant as it amounts to an increase in perceived risk or a reduction…
…in the years on either side of the nineteenth century. This Reaction was to specific events, notably the American and French Revolutions which were perceived, and rightly, as being systemic…
…start with the individual in the marketplace. Well the problem for them is that society perceived in the case of Retirement Security and Health Care market failures. Social Security did…
…yield in return for that (perceived) risk. Since they measure that volatility looking back over many decades, the risk perception doesn’t change much. There’s a floor. If they can’t get…
…effectivenss of US monetary policy at the zero lower bound. This skepticism was largely caused by what I perceived to be the weak effects of the second round of US…
…[those with the most wage stagnation] in England overwhelmingly voted to leave the EU. . . . Brexit … was a counter-reaction to a political economic system that is perceived…
…to kill Black people given the same behavior and/or perceived threat. Here’s why. As noted above, we expect that if police are rational, they will react to perceived threats upon…