Government Debt and Stock Returns
ClearMoney
DECEMBER 5, 2021
Becker and Ivashina (2018) argue that government debt instruments could compete with those of corporations in the financial markets, crowding out lending that would otherwise go toward corporations. Fiscal Service, Federal Debt Held by the Public” [FYGFDPUN]. Asset Pricing with Limited Risk Sharing and Heterogeneous Agents.”
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