The Cost of Risk to the Government and Its Implications for Federal Budgeting
In: Measuring and Managing Federal Financial Risk
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Sandmo, Agnar & Dreze, Jacques H, 1971.
"Discount Rates for Public Investment in Closed and Open Economies,"
Economica,
London School of Economics and Political Science, vol. 38(152), pages 395-412, November.
- SANDMO, Agnar & DREZE, Jacques H., 1971. "Discount rates for public investment in closed and open economies," CORE Discussion Papers RP 98, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Peter Diamond & Jean Geanakoplos, 1999.
"Social Security Investment in Equities I: Linear Case,"
NBER Working Papers
7103, National Bureau of Economic Research, Inc.
- Peter Diamond & John Geanakoplos, 1999. "Social Security Investment in Equities I: Linear Case," Working papers 99-10, Massachusetts Institute of Technology (MIT), Department of Economics.
- Coleman Bazelon & Kent Smetters, 1999. "Discounting Inside the Washington D.C. Beltway," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 213-228, Fall.
- Gale, William G, 1991.
"Economic Effects of Federal Credit Programs,"
American Economic Review, American Economic Association, vol. 81(1), pages 133-152, March.
- William G. Gale, 1988. "Economic Effects of Federal Credit Programs," UCLA Economics Working Papers 483, UCLA Department of Economics.
- Heaton, John & Lucas, Deborah J, 1996.
"Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing,"
Journal of Political Economy, University of Chicago Press, vol. 104(3), pages 443-487, June.
- John Heaton & Deborah Lucas, 1993. "Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing," NBER Working Papers 4249, National Bureau of Economic Research, Inc.
- Deborah Lucas & Damien Moore, 1975. "Guaranteed versus Direct Lending: The Case of Student Loans," NBER Chapters, in: Measuring and Managing Federal Financial Risk, pages 163-205, National Bureau of Economic Research, Inc.
- Michael Falkenheim & George Pennacchi, 2003. "The Cost of Deposit Insurance for Privately Held Banks: A Market Comparable Approach," Journal of Financial Services Research, Springer;Western Finance Association, vol. 24(2), pages 121-148, October.
- Louis Kaplow, 2006. "Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency," NBER Working Papers 12239, National Bureau of Economic Research, Inc.
- Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-378, June.
- Sandmo, Agnar, 1972. "Discount Rates for Public Investment under Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(2), pages 287-302, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Deborah Lucas & Damien Moore, 1975. "Guaranteed versus Direct Lending: The Case of Student Loans," NBER Chapters, in: Measuring and Managing Federal Financial Risk, pages 163-205, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jack Hirshleifer, 1989. "Investment Decision Criteria - Public Decisions," UCLA Economics Working Papers 571, UCLA Department of Economics.
- Liu, Liqun, 2003. "A marginal cost of funds approach to multi-period public project evaluation: implications for the social discount rate," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1707-1718, August.
- Paul A. Grout, 2003.
"Public and Private Sector Discount Rates in Public-Private Partnerships,"
Economic Journal, Royal Economic Society, vol. 113(486), pages 62-68, March.
- Paul Grout, 2002. "Public and Private Sector Discount Rates in Public-Private Partnerships," The Centre for Market and Public Organisation 02/059, The Centre for Market and Public Organisation, University of Bristol, UK.
- Agnar Sandmo, 2010. "Uncertainty in the Theory of Public Finance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 35(1), pages 1-18, June.
- Syed Ahsan & Panagiotis Tsigaris, 2002. "Measuring the Social Discount Rate under Uncertainty: A Methodology and Application," CESifo Working Paper Series 824, CESifo.
- Guadalupe Souto Nieves, 2003. "El descuento social," Hacienda Pública Española / Review of Public Economics, IEF, vol. 165(2), pages 99-126, June.
- Pennacchi, George G., 2005. "Risk-based capital standards, deposit insurance, and procyclicality," Journal of Financial Intermediation, Elsevier, vol. 14(4), pages 432-465, October.
- Claude Montmarquette & Iain Scott, 2007. "Taux d'actualisation pour l'évaluation des investissements publics au Québec," CIRANO Project Reports 2007rp-02, CIRANO.
- Pennacchi, George, 2006. "Deposit insurance, bank regulation, and financial system risks," Journal of Monetary Economics, Elsevier, vol. 53(1), pages 1-30, January.
- Richard B. Howarth, 2003. "Discounting and Uncertainty in Climate Change Policy Analysis," Land Economics, University of Wisconsin Press, vol. 79(3), pages 369-381.
- Mareike Schad & Jürgen John, 2012. "Towards a social discount rate for the economic evaluation of health technologies in Germany: an exploratory analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 13(2), pages 127-144, April.
- Syed M. Ahsan & Peter Tsigaris, 1998. "The Design of a Consumption Tax under Capital Risk," CESifo Working Paper Series 163, CESifo.
- Lucas, Deborah & Moore, Damien, 2019.
"The student loan consolidation option,"
Journal of Public Economics, Elsevier, vol. 174(C), pages 1-12.
- Deborah Lucas & Damien Moore, 2008. "The Student Loan Consolidation Option," Working Papers 2012-015, Human Capital and Economic Opportunity Working Group.
- Glenn P. Jenkins, 1980.
"Discount Rates for Economic Appraisal of Public Sector Expenditures,"
Canadian Public Policy, University of Toronto Press, vol. 6(3), pages 549-555, Summer.
- Glenn P. Jenkins, 1980. "Discount Rates for Economic Appraisal of Public Sector Expenditures," Development Discussion Papers 1980-14 Publication statu, JDI Executive Programs.
- Syed Ahsan & Peter Tsigaris, 1998.
"The design of a consumption tax under capital risk,"
Journal of Economics, Springer, vol. 68(1), pages 53-78, February.
- Syed M. Ahsan & Peter Tsigaris, "undated". "The Design of a Consumption Tax under Capital Risk," EPRU Working Paper Series 97-11, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Syed M. Ahsan & Peter Tsigaris, 1998. "The Design of a Consumption Tax under Capital Risk," CESifo Working Paper Series 163, CESifo.
- Louis Kaplow, 2006. "Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency," NBER Working Papers 12239, National Bureau of Economic Research, Inc.
- Liqun Liu, 2005. "The Multi-Period Cost-Benefit Rule with Mobile Capital and Distorted Labor," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(2), pages 145-158, March.
- Paul Grout & Silvia Sonderegger, 2006. "Simple money-based tests for choosing between private and public delivery: a discussion of the issues," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 29(1), pages 93-126, September.
- Vesa Kanniainen & Tuula Lehtonen & Ilkka Mellin, 2013. "Honeybee Economics - Implications for Ecology Policy," CESifo Working Paper Series 4204, CESifo.
- Brealey, Richard & Cooper, Ian & Habib, Michel Antoine, 2018. "Valuation in the Public and Private Sectors: Tax, Risk, Debt Capacity, and the Cost of Capital," CEPR Discussion Papers 13277, C.E.P.R. Discussion Papers.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:3039. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.