Posts Tagged ‘corporate bond’

The Recession and “Regime Uncertainty”


Sunday September 5th, 2010   •   Posted by Robert Higgs at 11:23pm PDT   •   0 Comments

Regime uncertainty has gained increasing recognition as the current economic troubles have persisted with little or no improvement since the economy reached a cyclical trough early in 2009. As described in my 1997 paper, regime uncertainty pertains to “the likelihood that investors� private property rights in their capital and the income it yields will…
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