Death Of The Risk-Free RateGuest Post
Death Of The Risk-Free Rate by Chris Brightman, Research Affiliates
- Abandoning the assumption of a positive risk-free rate alters our conceptions of money, monetary policy, and investment risk. Managing volatility, the traditional measure of risk, may now prevent us from achieving our investment objectives.
- Direct money creation—like dropping money from a helicopter—is the widely discussed next step in central bank monetary policy experiments. Such direct . . .
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