Macro Musings with David Beckworth cover image

88 – Ricardo Caballero on the Safe Asset Conundrum

Macro Musings with David Beckworth

00:00

Navigating the Safe Asset Conundrum

Delve into the complexities of the safe assets shortage problem and its implications on the economy, drawing parallels between liquidity traps and safety traps. Explore the challenges in addressing this scarcity and the potential consequences on bond prices and saving rates. Discuss solutions to decrease the demand for safe assets, including central bank interventions and transforming collateral into financial assets.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app