Replication data for: Federal Budget Policy with an Aging Population and Persistently Low Interest Rates

Douglas W. Elmendorf & Louise M. Sheiner
Some observers have argued that the projections for high and rising debt pose a grave threat to the country's economic future and give the government less fiscal space to respond to recessions or other unexpected developments, so they urge significant changes in tax or spending policies to reduce federal borrowing. In stark contrast, others have noted that interest rates on long-term federal debt are extremely low and have argued that such persistently low interest rates...
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