Macro Musings with David Beckworth cover image

Will Diamond on Safe Assets, Risk-Free Rates, and Convenience Yields and their Implications for Policy

Macro Musings with David Beckworth

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What's Going on in Japan?

Will Diamond: How do you reconcile the us, which seems to be in te boom with the low yields? And that story there would be venience field were in japan. It's not having the boomi. It's more, you know, stagnant, slower growth and therefore the convenience fields are geting compressed along with other returns. Will diamond: I guess i make a big deal out of around maybe se the early 19 70 s, there' being a structural break where us. Productivity oth fell. But definitely compared to who we were 50 or a hundred years ago, the rate of growth is not remotely what it used to be. There far point ok, well,

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