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 . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.