Does debt management matter?

Front Cover
In an age when public officials argue vehemently over the size and importance of the deficit of the United States government, this timely volume analyzes the problems involved with the rapid rise in government debt in countries all over the world since the 1970s. The authors focus on how debt management influences the financial sector as well as elements of the "real" economy such as output, capital formation, and consumption.

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Contents

Introduction
7
The Portfolio Balance Approach to Debt Management
32
Implementing the Basic Model by Using Historical Data
38
Copyright

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