Showing posts with label
Thomas Sargent
.
Show all posts
Showing posts with label
Thomas Sargent
.
Show all posts
Monday, August 3, 2015
Freshwater macro, China's silver standard, and the yuan peg
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1934 Chinese silver dollar with Sun Yat-sen on the obverse side. The ship may be in freshwater. I have been hitting my head against the...
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Tuesday, November 27, 2012
Another liquidity-premium sighting - Harrison and Kreps
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The word "moneyness" is synonymous with liquidity-premium. Both refer to that portion of an item's value that is derived fr...
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