lucas (ed.) - measuring and managing federal financial risk (2010)

Measuring and Managing Federal
Financial Risk
A National Bureau
of Economic Research
Conference Report
Measuring and Managing
Federal Financial Risk
Edited by Deborah Lucas
The University of Chicago Press
Chicago and London
At the time this work was completed, Deborah Lucas was the
Donald C. Clark HSBC Professor of Consumer Finance at the Kellogg
School of Management, Northwestern University. She is currently
Associate Director for Financial Analysis at the Congressional
Budget Offi ce; on leave from the Sloan School of Management at
the Massachusetts Institute of Technology, where she is professor of
fi nance; and a research associate of the National Bureau of Economic
Research.
The University of Chicago Press, Chicago 60637
The University of Chicago Press, Ltd., London
© 2010 by the National Bureau of Economic Research
All rights reserved. Published 2010
Printed in the United States of America
19 18 17 16 15 14 13 12 11 10 1 2 3 4 5
ISBN- 13: 978- 0- 226- 49658- 0 (cloth)
ISBN- 10: 0- 226- 49658- 9 (cloth)
Library of Congress Cataloging- in- Publication Data
Measuring and managing federal fi nancial risk / edited by Deborah
Lucas.
p. cm. — (National Bureau of Economic Research conference

report)
ISBN- 13: 978- 0- 226- 49658- 0 (hardcover : alk. paper)
ISBN- 10: 0- 226- 49658- 9 (hardcover : alk. paper) 1. Financial
risk—United States—Congresses. 2. Finance, Public—United
States—Congresses. I. Lucas, Deborah. II. Series: National Bureau
of Economic Research conference report.
HJ257.3.M43 2010
352.40973—dc22 2009034562
o The paper used in this publication meets the minimum requirements
of the American National Standard for Information Sciences—
Permanence of Paper for Printed Library Materials, ANSI Z39.48- 1992.