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New evidence on the interest rate effects of budget deficits and debt
Laubach, Thomas - Federal Reserve Board (Board of Governors of the … - 2003
Estimating the effects of government debt and deficits on Treasury yields is complicated by the need to isolate the …
Persistent link: https://www.econbiz.de/10005721120
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Do high debt payments hinder household consumption smoothing?
Johnson, Kathleen W.; Li, Geng - Federal Reserve Board (Board of Governors of the … - 2007
Recently, U.S. households have committed a rising share of disposable personal income to required principal and interest payments on household debt. Studies of the direct link between the household debt service ratio (DSR) and consumption show mixed results—perhaps because debt may instead...
Persistent link: https://www.econbiz.de/10005393742
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Optimal portfolio allocation in a world without Treasury securities
Bomfim, Antulio N. - Federal Reserve Board (Board of Governors of the … - 2001
If current projections of future budget surpluses materialize, investing in Treasury securities--an asset class with … abstracts from indirect beneficial effects on investors from a Treasury debt payoff, such as the potential for greater …
Persistent link: https://www.econbiz.de/10005393890