Narrow search
Showing 1 - 10 of 1,752
Cover Image
Banking, finance, and money : a socioeconomics approach
Wray, L. Randall (contributor) - 2006
This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an alternative based on socioeconomics. It argues that the alternative approach is better fitted to not only the historical record, but also sheds more light on the nature of money...
Persistent link: https://www.econbiz.de/10003720491
Cover Image
The U.S. Public Debt Valuation Puzzle
Jiang, Zhengyang - 2020
The government budget constraint ties the market value of government debt to the expected present discounted value of … fiscal surpluses. Bond investors fail to impose this no-arbitrage restriction in the U.S., resulting in a government debt … valuation puzzle. Both cyclical and long-run dynamics of tax revenues and government spending make the surplus claim risky …
Persistent link: https://www.econbiz.de/10012850172
Cover Image
Fiscal Policy and Educational Attainment in the United States - a Generational Accounting Perspective
Chojnicki, Xavier; Docquier, Frédéric - 2021
In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...
Persistent link: https://www.econbiz.de/10013319456
Cover Image
Leverage interactions : a national accounts approach
Girón, Celestino; Rodríguez Vives, Marta - 2017
particular, the interplay between government debt and private leverage is attracting increasing attention in the current context …
Persistent link: https://www.econbiz.de/10011664051
Cover Image
Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics
Hall, George J.; Sargent, Thomas J. - 2010
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 …
Persistent link: https://www.econbiz.de/10014191470
Cover Image
Measuring U.S. Fiscal Capacity using Discounted Cash Flow Analysis
Jiang, Zhengyang; Lustig, Hanno N.; Van Nieuwerburgh, Stijn - 2022
government's deficit between 2022 and 2051 and debt in 2051. In spite of low rates, our current measure of U.S. fiscal capacity … far exceeds the duration of the outstanding Treasury portfolio. This duration mismatch exposes the government to the risk …
Persistent link: https://www.econbiz.de/10013294130
Cover Image
The impact of local decentralization on economic growth: evidence from U.S. counties
Hammond, George W.; Tosun, Mehmet Serkan - 2009
findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit …. Our results suggest that local government decentralization matters differently for metropolitan and nonmetropolitan …
Persistent link: https://www.econbiz.de/10010276862
Cover Image
The impact of local decentralization on economic growth : evidence from U.S. counties
Hammond, George W.; Tosun, Mehmet Serkan - 2009
findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit …. Our results suggest that local government decentralization matters differently for metropolitan and nonmetropolitan …
Persistent link: https://www.econbiz.de/10003919883
Cover Image
The Impact of Local Decentralization on Economic Growth : Evidence from U.S. Counties
Hammond, George W. - 2009
findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit …. Our results suggest that local government decentralization matters differently for metropolitan and nonmetropolitan …
Persistent link: https://www.econbiz.de/10013153508
Cover Image
The US Federal Government - A Viable Customer for Foreign Companies
Schaus, Jennifer L - 2010
The US Government is the largest purchaser of goods and services in the WORLD spending over $400 Billion annually. This … figure does not take into consideration the 2009 American Reinvestment and Recovery Act/Stimulus Funding. The government … Government fiscal year runs from October 1-September 30. Although selling to the government is not recession-proof, it is a great …
Persistent link: https://www.econbiz.de/10014197023