The Optimal Maturity of Government Debt

Excerpt

The Optimal Maturity of Government Debt. Robin Greenwood, Samuel Hanson, Lawrence Summers, February 2016, Book Chapter. "The central task of debt management is to decide which debt instruments the government should issue in order to finance itself over time. What programs the government should pursue and whether the government should finance its current expenditures by collecting taxes or by borrowing are outside the purview of debt management." Link

In This Section

Excerpt

The Ghost Budget: How U.S. war spending went rogue, wasted billions, and how to fix it

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat

Quantitative easing, monetary policy implementation and the public finances