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Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics / George J. Hall, Thomas J. Sargent.
- Format:
- Book
- Author/Creator:
- Hall, George J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w15702.
- NBER working paper series no. w15702
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2010.
- Summary:
- This paper uses the sequence of government budget constraints to motivate estimates of interest payments on the U.S. Federal government debt. We explain why our estimates differ conceptually and quantitatively from those reported by the U.S. government. We use our estimates to account for contributions to the evolution of the debt to GDP ratio made by inflation, growth, and nominal returns paid on debts of different maturities.
- Notes:
- Print version record
- January 2010.
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