The social value of risk-free government debt

DOI10.1007/S10436-007-0073-3zbMath1233.91197OpenAlexW1977721121MaRDI QIDQ665806

Bruce D. Smith, Stacey L. Schreft

Publication date: 6 March 2012

Published in: Annals of Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10436-007-0073-3

zbMATH Keywords

monetary policyfiscal policyportfolio allocationgovernment debt

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50) Portfolio theory (91G10) Welfare economics (91B15)

Related Items (1)

Optimal choice of monetary policy instruments in an economy with real and liquidity shocks

Cites Work

• Societal benefits of illiquid bonds.
• Bank Runs, Deposit Insurance, and Liquidity
• OPTIMAL INFLATION TAX AND STRUCTURAL REFORM

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