HKS Affiliated Authors

Lawrence H. Summers Photo
Lawrence H. Summers
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor

Additional Authors:

  • Robin Greenwood
  • Samuel Hanson

Excerpt

Government Debt Management at the Zero Lower Bound. Robin Greenwood, Samuel G. Hanson, Lawrence H. Summers, September 30, 2014, Paper. "This paper re-examines government debt management policy in light of the U.S. experience with extraordinary fiscal and monetary policies since 2008. We first document that the Treasury’s decision to lengthen the average maturity of the debt has partially offset the Federal Reserve’s attempts to reduce the supply of long-term bonds held by private investors through its policy of quantitative easing..." May require purchase or user account. Link