Automatic stabilizers in the US operate at the Federal not local government level where balanced budget rules preva… https://t.co/LvUIkxEEOS
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
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