SHOULD THE TREASURY AUCTION LONG-TERM SECURITIES?

Authors

  • Henry N. Goldstein

    Board of Governors
    1. Federal Reserve System
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    • The author is an economist in the Division of International Finance of the Board of Governors of the Federal Reserve System. He was working in the domestic research division of the Board of Governors at the time this paper was written.

  • The views expressed are personal and do not necessarily represent the views of the Board of Governors of the Federal Reserve System. The author is indebted to many people for their critical and constructive comments; in particular, he would like to acknowledge the help of Peter M. Keir.

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