America’s Risky Debt: What Markets See That Policymakers Don’t
For decades, global investors were willing to pay a premium for the safety and liquidity of US Treasurys. That premium has eroded in recent years, and bond investors and monetary policymakers now disagree on how to price US government debt. In America’s Risky Debt: What Markets See That Policymakers Don’t, Hanno Lustig argues that markets ...
Melissa S. Kearney
MELISSA S. KEARNEY is the Gilbert F. Schaefer Professor of Economics at the University of Notre Dame. She is also director of the Aspen Economic Strategy Group; a research associate at the National Bureau of Economic Research; and a nonresident senior fellow at the Brookings Institution. She currently serves on the Board of Directors of ...