:

product description page

$13 Trillion Question : How America Manages Its Debt (Paperback)

$13 Trillion Question : How America Manages Its Debt (Paperback) - image 1 of 1

about this item

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 borrowingeven 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, 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 long-term bonds to push investors into other assets, the Treasury was doing the oppositeselling 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.

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.

Number of Pages: 162
Genre: Business + Money Management, Political Science
Sub-Genre: Public Policy / Economic Policy, Accounting / Governmental, Economics / General
Format: Paperback
Publisher: Brookings Inst Pr
Language: English
Street Date: December 7, 2015
TCIN: 46767169
UPC: 9780815727057
Item Number (DPCI): 247-51-7848

guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.