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The Safe-Asset Share

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NBER2012-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17777
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We document that the percentage of all U.S. assets that are "safe" has remained stable at about 33 percent since 1952. This stable ratio is a rare example of calm in a rapidly changing financial world. Over the same time period, the ratio of U.S. assets to GDP has increased by a factor of 2.5, and
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2012-01-01
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