Preface
Introduction
Deborah Lucas
1. Bringing Financial Literacy to Washington
Peter R. Fisher
2. Measuring and Managing Federal Financial Risk: A View from the Hill
Donald B. Marron
3. The Cost of Risk to the Government and Its Implications for Federal Budgeting
Deborah Lucas and Marvin Phaup
Comment: Henning Bohn
4. Federal Financial Exposure to Natural Catastrophe Risk
J. David Cummins, Michael Suher, and George Zanjani
Comment: Greg Niehaus
5. Housing Policy, Mortgage Policy, and the Federal Housing Administration
Dwight M. Jaffee and John M. Quigley
Comment: Susan M. Wachter
6. Valuing Government Guarantees: Fannie and Freddie Revisited
Deborah Lucas and Robert McDonald
Comment: Alan J. Marcus
7. Guaranteed versus Direct Lending: The Case of Student Loans
Deborah Lucas and Damien Moore
Comment: Janice C. Eberly
8. Market Valuation of Accrued Social Security Benefi ts
John Geanakoplos and Stephen P. Zeldes
9. Environment and Energy: Catastrophic Liabilities from Nuclear Power Plants
Geoffrey Heal and Howard Kunreuther
Comment: William Pizer
Contributors
Author Index
Subject Index