There is a lot of confusion in the discussion on public debt monetization. @ojblanchard1 and I have tried to clarif… https://t.co/3biQQOxfRz
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