Interest rate risk and other determinants of post WWII U.S. government debt/GDP dynamics

Preprint OPEN
George J. Hall; Thomas J. Sargent;
(2010)
  • Subject: Holding period returns, capital gains, inflation, growth, debt- GDP ratio, government budget constraint
    • jel: jel:E43 | jel:E31 | jel:H6

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 estim... View more
  • References (12)
    12 references, page 1 of 2

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