private portfolio preferences

A friend tipped me off to this BIS paper from 2009. It looks into unconventional monetary policy and the inflationary consequences of adding a huge amount of reserves to the system. The abstract reads as follows:  Abstract The recent…

For most market watchers, it shouldn't be a surprise that easy money has an (intended) effect on markets in increasing risk appetite as 'risk-free' returns diminish. This cycle is no different. A number of today's articles point to a…

This is a quote from a speech Federal Reserve Board Vice Chair Janet Yellen gave yesterday at the Annual Meeting of the National Association for Business Economics in Denver, Colorado (emphasis added): I noted previously--and it is now…