Government Borrowing using Bonds with Randomly Determined Returns: Welfare Improving Randomization in the Context of Deficit Finance

Bruce Smith and A.P. Villamil

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Keywords: financial market; credit; taxes (search for similar items in EconPapers)
Pages: 36 pages
Date: 1991
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Journal Article: Government borrowing using bonds with randomly determined returns: Welfare improving randomization in the context of deficit finance (1998)
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