; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Debt Financing of Deposit Insurance Payments: A Policy Choice of Real Import"; ; "batchuser@example.com"; "Miller, Preston J.", "Todd, Richard M."; "Federal Reserve Bank of Minneapolis"; "Public finance", "Government debt", "Real interest rates", "Welfare", "Deposit insurance", "Savings and loan", "S & L", "Taxation"; "G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages", "H63 - National Debt; Debt Management; Sovereign Debt"; "This paper investigates the macroeconomic and welfare effects of a particular public finance decision. That decision was to use debt rather than current taxation to finance deposit insurance payments related to the savings and loan debacle. We find that this decision could have significantly raised real interest rates and affected welfare. The analysis is conducted in a dynamic, open-economy, monetary general equilibrium model in which parameters are set based on empirical observations."^^; "1992-05"; "2018-03-13T20:03:09.995514228+00:00"^^; "https://doi.org/10.21034/wp.494"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2019-08-30T15:27:26.644623184+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "524", "789"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "494"; "Savings and loan", "Government debt", "Real interest rates", "Taxation", "Public finance", "Deposit insurance", "S & L", "Welfare"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .