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.
Ed. by Cragg, Michael / Edlin, Aaron S. / Jaffee, Dwight / Stiglitz, Joseph / Zwiebel, Jeffrey
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Trills Instead of T-Bills: It's Time to Replace Part of Government Debt with Shares in GDP
Mark J Kamstra / Robert J. Shiller
Citation Information: The Economists' Voice. Volume 7, Issue 3, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1782, September 2010
Publication History:
- Published Online:
- 2010-09-17
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