Public Wealth in the United States /

We analyze the US public sector balance sheet and project it forward under the assumption that current policies remain in place. We first document the history of the balance sheet and its components since World War II, with a detailed account of its evolution during and after the global financial cr...

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Hlavní autor: Gonguet, Fabien
Další autoři: Hellwig, Klaus-Peter
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2019.
Edice:IMF Working Papers; Working Paper ; No. 2019/139
On-line přístup:Full text available on IMF
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100 1 |a Gonguet, Fabien. 
245 1 0 |a Public Wealth in the United States /  |c Fabien Gonguet, Klaus-Peter Hellwig. 
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300 |a 1 online resource (49 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We analyze the US public sector balance sheet and project it forward under the assumption that current policies remain in place. We first document the history of the balance sheet and its components since World War II, with a detailed account of its evolution during and after the global financial crisis. While, based on assets and liabilities alone, public sector net worth is negative, additional challenges arise from commitments to future spending implied by current legislation and demographic trends. To quantify the risks to the balance sheet, we then apply the macroeconomic scenarios from the Federal Reserve's bank stress test to the public sector balance sheet. 
538 |a Mode of access: Internet 
700 1 |a Hellwig, Klaus-Peter. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/139 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/139/001.2019.issue-139-en.xml  |z IMF e-Library