Is There a Trade-Off Between Low Bond Risk Premiums and Financial Stability?

Benjamin Chabot

Chicago Fed Letter, 2014, issue Aug, No 325

Abstract: It has been suggested that financial instability may be more likely following periods of low bond market risk premiums. The timing of past episodes of instability casts doubt upon the hypothesis that low levels of risk premiums sow the seeds of future instability.

Keywords: Bonds; financial stability (search for similar items in EconPapers)
Date: 2014
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