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The $13 Trillion Question : How America Manages Its Debt /

The underexamined art and science of managing the federal government's huge debt.Everyone talks about the size of the U.S. national debt, now at 13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing-even though it is one of the world's largest borrowers. Eve...

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Detalles Bibliográficos
Otros Autores: Wessel, David (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : Brookings Institution Press, [2016]
Colección:Book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 4 |a The $13 Trillion Question :   |b How America Manages Its Debt /   |c David Wessel, editor. 
264 1 |a Washington, D.C. :  |b Brookings Institution Press,  |c [2016] 
264 3 |a Baltimore, Md. :  |b Project MUSE,   |c 2016 
264 4 |c ©[2016] 
300 |a 1 online resource (135 pages):   |b illustrations 
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505 0 |a Preface / Robin Greenwood, Samuel G. Hanson, and David Wessel -- 1. The optimal maturity of government debt / Robin Greenwood, Samuel G. Hanson, Joshua S. Rudolph, and Lawrence H. Summers. Comments by Janice Eberly, Brian Sack -- 2. Debt management conflicts between the U.S. Treasury and the Federal Reserve / Robin Greenwood, Samuel G. Hanson, Joshua S. Rudolph, and Lawrence H. Summers. Comments by Mary John Miller, Paul McCulley, Stephen G. Cecchetti, Jason Cummins -- 3. A new structure for U.S. federal debt / John H. Cochrane. Comment by Darrell Duffie -- 4. Concluding observations / Lawrence H. Summers. 
520 |a The underexamined art and science of managing the federal government's huge debt.Everyone talks about the size of the U.S. national debt, now at 13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing-even though it is one of the world's largest borrowers. Everyone from bond traders to the home-buying public is affected by the Treasury's decisions about whether to borrow short or long term and what types of bonds to sell to investors.What is the best way for the Treasury to finance the government's huge debt? Harvard's Robin Greenwood, Sam Hanson, Joshua Rudolph, and Larry Summers argue that the Treasury could save taxpayers money and help the economy by borrowing more short term and less long term. They also argue that the Treasury and the Federal Reserve made a huge mistake in recent years by rowing in opposite directions: while the Fed was buying long-term bonds to push investors into other assets, the Treasury was doing the opposite-selling investors more long-term bonds.This book includes responses from a variety of public and private sector experts on how the Treasury does its borrowing, some of whom have criticized the way the Treasury has been managing its borrowing. 
588 |a Description based on print version record. 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
650 7 |a Fiscal policy.  |2 fast  |0 (OCoLC)fst00925806 
650 7 |a Finance, Public.  |2 fast  |0 (OCoLC)fst00924477 
650 7 |a Debts, Public.  |2 fast  |0 (OCoLC)fst00888850 
650 7 |a POLITICAL SCIENCE  |x Public Policy  |x Economic Policy.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Public Finance.  |2 bisacsh 
650 6 |a Politique monetaire  |z États-Unis. 
650 6 |a Politique fiscale  |z États-Unis. 
650 6 |a Finances publiques  |z États-Unis. 
650 6 |a Dettes publiques  |z États-Unis. 
650 0 |a Monetary policy  |z United States. 
650 0 |a Fiscal policy  |z United States. 
650 0 |a Finance, Public  |z United States. 
650 0 |a Debts, Public  |z United States. 
651 7 |a United States.  |2 fast  |0 (OCoLC)fst01204155 
655 7 |a Electronic books.   |2 local 
700 1 |a Wessel, David,  |e editor. 
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945 |a Project MUSE - 2016 Complete 
945 |a Project MUSE - 2016 Political Science and Policy Studies