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dc.contributor.authorBohn, Henningen
dc.date.accessioned2010-06-18-
dc.date.accessioned2010-08-18T11:18:10Z-
dc.date.available2010-08-18T11:18:10Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3079en
dc.subject.jelH63en
dc.subject.jelH62en
dc.subject.jelE60en
dc.subject.ddc330en
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwNachhaltigkeiten
dc.subject.stwÖffentliche Anleiheen
dc.subject.stwLaufzeiten
dc.subject.stwKreditrisikoen
dc.subject.stwVertrauenen
dc.subject.stwMakroökonomischer Einflussen
dc.subject.stwUSAen
dc.titleThe economic consequences of rising US government debt: privileges at risk-
dc.typeWorking Paperen
dc.identifier.ppn629652546en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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