Best Timing for Government Asset Purchases
A study suggests that buying assets in normal times can lead to inefficient risk-taking, while selling assets can enhance risk sharing but may disrupt intertemporal smoothing, affecting the optimal management of public portfolios.
Featured in No. 36 on 7 Feb 2024 ·
- Released
- 10 Feb 2023
- First featured
- No. 36 · 7 Feb 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4717254
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