The 13 Trillion Question : Managing the U.S. Government's Debt.

The underexamined art and science of managing the federal government's huge debt. Everyone talks about the size of the U.S. national debt, now at 13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing even though it is one of the world's largest borrowers. Ev...

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Bibliographic Details
Main Author: Wessel, David
Format: eBook
Language:English
Published: Washington : Brookings Institution Press, 2015.
Subjects:
Online Access:Click for online access

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520 |a The underexamined art and science of managing the federal government's huge debt. Everyone talks about the size of the U.S. national debt, now at 13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing even though it is one of the world's largest borrowers. Everyone from bond traders to the home-buying public is affected by the Treasury's decisions about whether to borrow short or long term and what types of bonds to sell to investors. What is the best way for the Treasury to finance the government's huge debt? Harvard's Robin Greenwood, Sam Hanson, Joshua Rudolph. 
505 0 |a Front Cover -- Title Page -- Copyright Information -- Table of Contents -- Acknowledgments -- Preface -- The Optimal Maturity of Government Debt -- Debt Management Conflicts Between the U.S. Treasury and the Federal Reserve -- A New Structure for U.S. Federal Debt -- Concluding Observations -- Contributors -- Index -- Back Cover. 
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