Kamstra, Mark; Shiller, Rpbert J. - In: C.D. Howe Institute Commentary (2008) 271
This study proposes that the Government of Canada issue a new debt security, the “Trill,” which would essentially offer Canadian investors an equity stake in the Canadian economy. The Trill is so-named because its coupon payment would be one-trillionth of Canada’s GDP. Similar to shares...