Costs of financing US federal debt under a gold standard: 1791-1933

J Payne, B Szőke, G Hall… - The Quarterly Journal of …, 2024 - academic.oup.com
From a new data set, we infer time series of term structures of yields on US federal bonds
during the gold standard era from 1791–1933 and use our estimates to reassess historical …

[PDF][PDF] Convenience Yields and Financial Repression

J Payne, B Szőke - 2024 - balintszoke.com
US federal debt plays a special role in the US economy and so gives the US government a
funding advantage, often summarized by the “convenience yield” on US debt. Why? One …

[PDF][PDF] Time Line of US Monetary and Financial Events

J Payne, B Szőke - 2024 - jepayne.github.io
Time Line of US Monetary and Financial Events Page 1 Time Line of US Monetary and Financial
Events Jonathan Payne∗, Bálint Szőke† June 1, 2024 Abstract This note provides a timeline …