Trills Instead of T-Bills: It's Time to Replace Part of Government Debt with Shares in GDP

IF 0.4 Q4 ECONOMICS

Economists Voice Pub Date : 2010-01-17 DOI:10.2202/1553-3832.1782

M. Kamstra, R. Shiller

引用次数: 18

Abstract

At a time of public concern about rising national debt, we should consider adapting simple lessons from corporate finance to government finance. Mark J. Kamstra of York University and Robert J. Shiller of Yale University conclude that government financing tools should include a form of equity: shares in GDP.

查看原文本刊更多论文

用颤音代替国库券:是时候用国内生产总值的股票取代部分政府债务了

在公众对国债不断上升感到担忧之际，我们应该考虑将企业融资的简单经验应用于政府融资。约克大学的马克·j·卡姆斯特拉和耶鲁大学的罗伯特·j·希勒得出结论，政府融资工具应该包括一种形式的股权:GDP的份额。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Economists Voice ECONOMICS-

CiteScore

1.10

自引率

25.00%

发文量

期刊介绍： This journal is a non-partisan forum for economists to present innovative policy ideas or engaging commentary on the issues of the day. Readers include professional economists, lawyers, policy analysts, policymakers, and students of economics. Articles are short, 600-2000 words, and are intended to contain deeper analysis than is found on the Op-Ed page of the Wall Street Journal or New York Times, but to be of comparable general interest. We welcome submitted Columns from any professional economist. Letters to the editor are encouraged and may comment on any Column or Letter. Letters must be less than 300 words.