Reach for Yield by U.S. Public Pension Funds
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DOI: 10.17016/FEDS.2019.049
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- Kenechukwu E. Anadu & James Bohn & Lina Lu & Matthew Pritsker & Andrei Zlate, 2019. "Reach for Yield by U.S. Public Pension Funds," Supervisory Research and Analysis Working Papers RPA 19-2, Federal Reserve Bank of Boston.
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Citations
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As found by EconAcademics.org, the blog aggregator for Economics research:- Negative Nominal Interest Rates: A Primer
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- Andonov, Aleksandar & Kräussl, Roman & Rauh, Joshua, 2021. "Institutional Investors and Infrastructure Investing," CEPR Discussion Papers 15946, C.E.P.R. Discussion Papers.
- Campbell, John Y. & Sigalov, Roman, 2022.
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More about this item
Keywords
U.S. public pension funds; reach for yield; Value at Risk; underfunding; duration-matched discount rates; state public debt;All these keywords.
JEL classification:
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FMK-2019-07-22 (Financial Markets)
- NEP-PUB-2019-07-22 (Public Finance)
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