Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation
Macro Musings with David Beckworth
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What Should a Central Bank Buy in Assets?
David Macromusians: The Fed's actions have enabled some risk taking back in the economy and we should be grateful for that. He says a central bank shouldn't try to buy only government securities because from a consolidated balance sheet perspective it leaves a small footprint. If your goal is to absorb risk you want to do something non-targeted, he says. Compromise would be like the uk take on their german view during crisis times - Macromusians.
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