Accounting for the federal government's cost of funds

George Hall and Thomas Sargent

Economic Perspectives, 1997, vol. 21, issue Jul, 18-28

Abstract: This article describes and defends the authors' corrections to the federal government's flawed measure of its cost of funds. Further, it examines how the maturity structure of the debt influences the way inflation risk and interest rate risk are shared by the government and its creditors.

Keywords: Gross domestic product; Inflation (Finance); Interest rates (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:1997:i:jul:p:18-28:n:v.21no.4

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