Summers: "Standard New Keynesian macroeconomics abstracts away from most of what is important in macroeconomics." https://t.co/FQPv1pNLPw
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from