Surveillance: Kaminski on a 6% 10-Year Yield
Bloomberg Surveillance
The Sustainability of Current Yields and the Impact of Monetary Policy
The chapter discusses the sustainability of current yields and the factors affecting them, such as inflation, risk premium, and the natural rate of interest. It also explores the transmission of monetary policy and the lagged effects in different sectors of the economy, as well as the impact of interest rate effects on households' retained savings.
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