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nategould
All worlds
01 Oct 2012 07:34Link
Some fiscal/monetary policy tools, such as an equivalent of the Federal Reserve, Treasury, and banking system would add some wonderful complexity to the game, like inflation, stimulus, robust vs. lean lending environments, reserve ratios for banks, etc. Inflation could be increased or decreased by how much debt the central bank purchases or sells, respectively.
How about a more robust debt market (the equity one is good) with different interest rates for different maturities, with sovereign, corporate and enterprise debt being securitized?
How about a more robust debt market (the equity one is good) with different interest rates for different maturities, with sovereign, corporate and enterprise debt being securitized?