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dc.contributor.authorBohn, Henningen_US
dc.date.accessioned2010-06-18en_US
dc.date.accessioned2010-08-18T11:18:10Z-
dc.date.available2010-08-18T11:18:10Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38914-
dc.description.abstractThe rapidly growing federal government debt has become a concern for policy makers and the public. Yet the U.S. government has seemingly unbounded access to credit at low interest rates. Historically, Treasury yields have been below the growth rate of the economy. The paper examines the ramifications of debt financing at low interest rates. Given the short maturity of U.S. public debt - over $2.5 trillion maturing in 2010 - investor expectations are critical. Excessive debts justify reasonable doubts about solvency and monetary stability and thus undermine a financing strategy built on the perception that U.S. debt is safe.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Fiscal Policy, Macroeconomics and Growth 3079en_US
dc.subject.jelH63en_US
dc.subject.jelH62en_US
dc.subject.jelE60en_US
dc.subject.ddc330en_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwNachhaltigkeiten_US
dc.subject.stwÖffentliche Anleiheen_US
dc.subject.stwLaufzeiten_US
dc.subject.stwKreditrisikoen_US
dc.subject.stwVertrauenen_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwUSAen_US
dc.titleThe economic consequences of rising US government debt: privileges at risken_US
dc.typeWorking Paperen_US
dc.identifier.ppn629652546en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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