@RobinBrooksIIF Precisely. On that very important condition Italy IS just another AE.
France v. UK is instructive. Similar debt to gdp, France has lower yield because it has a chunkier CB behind it, less e.r. volatility and lower inflation expectations, ditto Ger v. Aus.
RT @MehrsaBaradaran: Cool to wait a hundred years to determine that the SEC was unconstitutional. Wonder what changed in the
May 19, 2022
RT @MehrsaBaradaran: Cool to wait a hundred years to determine that the SEC was unconstitutional. Wonder what changed in the meantime