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• W2891908114 abstract "This paper uses a sequence of government budget constraints to motivate estimates of returns on the US Federal government debt. Our estimates differ conceptually and quantitatively from the interest payments reported by the US government. We use our estimates to account for contributions to the evolution of the debt-GDP ratio made by inflation, growth, and nominal returns paid on debts of different maturities. (JEL E23, E31, E43, G12, H63)" @default.
• W2891908114 created "2018-09-27" @default.
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• W2891908114 date "2011-07-01" @default.
• W2891908114 modified "2023-10-17" @default.
• W2891908114 title "Interest Rate Risk and Other Determinants of Post-WWII US Government Debt/GDP Dynamics" @default.
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• W2891908114 doi "https://doi.org/10.1257/mac.3.3.192" @default.
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