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The Inefficiency of Interest-bearing National Debt

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Author Info
Bryant, John
Wallace, Neil

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Abstract

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File URL: http://links.jstor.org/sici?sici=0022-3808%28197904%2987%3A2%3C365%3ATIOIND%3E2.0.CO%3B2-A&origin=repec
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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 87 (1979)
Issue (Month): 2 (April)
Pages: 365-81
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Handle: RePEc:ucp:jpolec:v:87:y:1979:i:2:p:365-81

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  1. Satyajit Chatterjee & Dean Corbae, 1996. "Money and finance with costly commitment," Working Papers 96-8, Federal Reserve Bank of Philadelphia. [Downloadable!]
    Other versions:
  2. John Bryant, 1979. "The political economy of overlapping generations," Staff Report 43, Federal Reserve Bank of Minneapolis. [Downloadable!]
  3. Miquel Faig, 1999. "The Optimal structure of Liquidity Provided by a Self Financed Central Bank," Working Papers faig-99-01, University of Toronto, Department of Economics. [Downloadable!]
    Other versions:
  4. Preston J. Miller, 1980. "Deficit policies, deficit fallacies," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum. [Downloadable!]
  5. John Bryant & Neil Wallace, 1980. "A suggestion for further simplifying the theory of money," Staff Report 62, Federal Reserve Bank of Minneapolis. [Downloadable!]
  6. Richard G. Anderson & Robert H. Rasche, 1996. "A revised measure of the St. Louis adjusted monetary base," Working Papers 1996-004, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
  7. John Bryant, 1979. "Demand management: an illustrative example," Staff Report 46, Federal Reserve Bank of Minneapolis. [Downloadable!]
  8. repec:fip:fedreq:y:1982:i:nov:p:3-12:n:v.68no.6 is not listed on IDEAS
  9. Bennett T. McCallum, 1984. "Macroeconomics After a Decade of Rational Expectations: Some Critical Issues," NBER Working Papers 1050, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Bennett T. McCallum, 1991. "Inflation: Theory and Evidence," NBER Working Papers 2312, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  11. Preston J. Miller, 1983. "Higher deficit policies lead to higher inflation," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win. [Downloadable!]
  12. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
  13. Thomas J. Sargent, 1982. "Beyond demand and supply curves in macroeconomics," Staff Report 77, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  14. John Bryant, 1980. "The competitive provision of fiat money," Staff Report 48, Federal Reserve Bank of Minneapolis. [Downloadable!]
  15. Dean D. Croushore, 1987. "The Neutrality of Optimal Government Financial Policy: Supplying the Intergenerational Free Lunch," Eastern Economic Journal, Eastern Economic Association, vol. 13(2), pages 123-136, Apr-Jun. [Downloadable!]
  16. David B. Gordon & Eric M. Leeper, 2002. "The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level," NBER Working Papers 9084, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  17. John Bryant & Neil Wallace, 1978. "Open-market operations in a model of regulated, insured intermediaries," Staff Report 34, Federal Reserve Bank of Minneapolis. [Downloadable!]
  18. Michael Woodford, 1995. "Price Level Determinacy Without Control of a Monetary Aggregate," NBER Working Papers 5204, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  19. John Bryant & Neil Wallace, 1979. "Monetary policy in the presence of a stochastic deficit," Staff Report 42, Federal Reserve Bank of Minneapolis. [Downloadable!]
  20. Sanford J. Grossman & Laurence Weiss, 1984. "A Transactions Based Model of the Monetary Transmission Mechanism: Part 1," NBER Working Papers 0973, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  21. John Bryant & Neil Wallace, 1983. "A price discrimination analysis of monetary policy," Staff Report 51, Federal Reserve Bank of Minneapolis. [Downloadable!]
  22. Thomas J. Sargent & Neil Wallace, 1981. "The real bills doctrine vs. the quantity theory: a reconsideration," Staff Report 64, Federal Reserve Bank of Minneapolis. [Downloadable!]
  23. Neil Wallace, 1979. "A Modigliani-Miller theorem for open-market operations," Staff Report 44, Federal Reserve Bank of Minneapolis. [Downloadable!]
  24. Javier Diaz-Gimenez & Edward C. Prescott, 1992. "Liquidity constraints in economies with aggregate fluctuations: a quantitative exploration," Staff Report 149, Federal Reserve Bank of Minneapolis. [Downloadable!]
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