Your Waterstones card is changing, introducing...
The $13 Trillion Question: Managing the U.S. Government's Debt (Paperback)
  • The $13 Trillion Question: Managing the U.S. Government's Debt (Paperback)

The $13 Trillion Question: Managing the U.S. Government's Debt (Paperback)

Paperback 135 Pages / Published: 30/12/2015
  • In stock online

Usually despatched within 24 hours

  • This item has been added to your basket
Your local Waterstones may have stock of this item. Please check by using Click & Collect
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. Few talk about how the U.S. Treasury does the borrowing even though it is one of the world's largest borrowers. Yet 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, and Larry Summers argue that the Treasury could save taxpayers money and help the economy by borrowing more short term and less long term. They also argue that the Treasury and the Federal Reserve made a huge mistake in recent years by rowing in opposite directions: while the Fed was buying a lot of long-term bonds to push investors into other assets, the Treasury was doing the opposite - selling investors more long-term bonds.

This book includes responses from a variety of public and private sector experts on how the Treasury does its borrowing, some of whom have criticized the way the Treasury has been managing its borrowing.

Publisher: Brookings Institution
ISBN: 9780815727057
Number of pages: 135
Weight: 525 g
Dimensions: 229 x 152 x 10 mm

You may also be interested in...

How to Read a Financial Report
Added to basket
Bookkeeping for Small Businesses
Added to basket
Valuation Workbook, Sixth Edition
Added to basket
Brilliant Accounting
Added to basket
Auditing for Dummies
Added to basket
Financial Statements
Added to basket
Reading Financial Reports For Dummies
Added to basket
Cash Flow Analysis and Forecasting
Added to basket
Accounting Manual & Computerised
Added to basket
Financial Accounting For Dummies - UK
Added to basket


Please sign in to write a review

Your review has been submitted successfully.