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CONTENTS Acknowledgments vii Preface ix Robin Greenwood, Samuel G. Hanson, and David Wessel 1 The Optimal Maturity of Government Debt 1 Robin Greenwood, Samuel G. Hanson, Joshua S. Rudolph, and Lawrence H. Summers COMMENT by Janice Eberly 28 COMMENT by Brian Sack 33 2 Debt Management Conflicts between the U.S. 43 Treasury and the Federal Reserve Robin Greenwood, Samuel G. Hanson, Joshua S. Rudolph, and Lawrence H. Summers COMMENT by Mary John Miller 76 COMMENT by Paul McCulley 79 COMMENT by Stephen G. Cecchetti 81 COMMENT by Jason Cummins 83 3 A New Structure for U.S. Federal Debt 91 John H. Cochrane COMMENT by Darrell Duffie 139 4 Concluding Observations 147 Lawrence H. Summers Contributors 155 Index 157 ...



Subject Headings

  • Debts, Public -- United States.
  • Finance, Public -- United States.
  • Fiscal policy -- United States.
  • Monetary policy -- United States.
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