Journal Article
Accounting for the federal government's cost of funds
Abstract: This article describes and defends the authors' corrections to the federal government's flawed measure of its cost of funds. Further, it examines how the maturity structure of the debt influences the way inflation risk and interest rate risk are shared by the government and its creditors.
Keywords: Gross domestic product; Inflation (Finance); Interest rates;
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Authors
Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1997
Volume: 21
Issue: Jul