Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics

This paper uses a sequence of government budget constraints to motivate estimates of returns on the U.S. Federal government debt. Our estimates differ conceptually and quantitatively from the interest payments reported by the U.S. government. We use our estimates to account for contributions to the evolution of the debt-GDP ratio made by inflation, growth, and nominal returns paid on debts of different maturities

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Year of publication:	2010
Authors:	Hall, George J. ; Sargent, Thomas J.
Publisher:	[S.l.] : SSRN
Subject:	Zinsrisiko \| Interest rate risk \| USA \| United States \| Öffentliche Schulden \| Public debt \| Öffentlicher Haushalt \| Public budget \| Nationaleinkommen \| National income \| Liquiditätsbeschränkung \| Liquidity constraint \| Wirtschaftswachstum \| Economic growth \| Inflationsrate \| Inflation rate

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Extent:	1 Online-Ressource (35 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 7, 2010 erstellt
Other identifiers:	10.2139/ssrn.1673451 [DOI]
Classification:	H6 - National Budget, Deficit, and Debt ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014191470