Federal Debt-Management Policies, 1865-1879

Federal Debt Management: An Economists8 View from the Marketplace

I welcome the opportunity to express my views on Federal debt management. This subject was much discussed in the period immediately following World War II, but it has received only limited attention in recent years, even though important changes have occurred in the management of our Federal debt. It has b~:en subordinated in importance to other important official policy requirements. Many modi...

Federal Govemtnent Debt and Interest Rates

Macro policies and public debt in Chile

This note characterises the evolution of Chile’s public debt, and discusses its implications for the management of the country’s monetary policy. Historically, the main issuer of public debt in Chile was the central bank. The government, in turn, has recently started to engage in a more active debt policy, with the aim of deepening the market for risk-free securities and diversifying its fundin...

Debt and Debt Management among Older Adults

Of particular interest in the present economic environment is whether access to credit is changing peoples’ indebtedness over time, particularly as they approach retirement. This project analyzes older individuals’ debt, debt management practices, and financial fragility using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, we ex...

Measuring Interest Payments on the U . S . Federal Debt ∗

The U.S. government routinely misstates interest costs on government debt. These misstatements occur partly because the government fails to account properly for the real capital losses government creditors experience during inflationary periods.1 In addition, the government imperfectly measures the fluctuations in returns to its creditors from changes in interest rates and the maturity composit...