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Treasury Debt Operations: An Analysis Integrating Social Fabric Matrix and Social Accounting Matrix Methodologies

10 Pages Posted: 30 Apr 2011  

Scott T. Fullwiler

Wartburg College; Bard College - The Levy Economics Institute

Date Written: April 27, 2011

Abstract

The self-imposed constraint requiring the U. S. Treasury to have a positive balance in its account prior to spending combined with the Federal Reserve's desire to achieve its federal funds rate target result in six transactions being necessary when the U. S. Federal Government runs a deficit. This paper explains these six transactions by combining the Social Fabric Matrix and Social Accounting Matrix methodologies.

Keywords: treasury debt operations, central bank operations, interest rate targets, budget deficits, social accounting matrix, social fabric matrix

JEL Classification: B41, E42, E44, E52, E62, H63

Suggested Citation

Fullwiler, Scott T., Treasury Debt Operations: An Analysis Integrating Social Fabric Matrix and Social Accounting Matrix Methodologies (April 27, 2011). Available at SSRN: https://ssrn.com/abstract=1825303 or http://dx.doi.org/10.2139/ssrn.1825303

Scott Fullwiler (Contact Author)

Wartburg College ( email )

222 Ninth St. NW
Waverly, IA 50677
United States

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504-5000
United States

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