Ignoring the Obvious
Mar 26th, 2006 | By Michael Shedlock | Category: Macro Economics
In Reflections on the Yield Curve and Monetary Policy, a speech before the Economic Club of New York on March 20, 2006, Bernanke listed four reasons "why the net demand for long-term issues may have increased, lowering the term premium." Let's take a look:
· "First, longer-maturity obligations may be ...read more
