Academics Need a Visit to the Real World – Bloomberg 08-26-13

Salient to Investors: Caroline Baum writes: Arvind Krishnamurthy at Northwestern and Annette Vissing-Jorgensen at Berkeley found that Treasury purchases themselves have had limited beneficial spillovers to private borrowers, i.e. the Treasury was able to borrow at lower interest rates but not the rest of us. The researchers found that the

READ MORE...