01745cas a2200253 a 4500 AALejournalIMF019279 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498312219 1018-5941 BD-DhAAL BD-DhAAL Gonguet, Fabien. Public Wealth in the United States / Fabien Gonguet, Klaus-Peter Hellwig. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We analyze the US public sector balance sheet and project it forward under the assumption that current policies remain in place. We first document the history of the balance sheet and its components since World War II, with a detailed account of its evolution during and after the global financial crisis. While, based on assets and liabilities alone, public sector net worth is negative, additional challenges arise from commitments to future spending implied by current legislation and demographic trends. To quantify the risks to the balance sheet, we then apply the macroeconomic scenarios from the Federal Reserve's bank stress test to the public sector balance sheet. Mode of access: Internet Hellwig, Klaus-Peter. IMF Working Papers; Working Paper ; No. 2019/139 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/139/001.2019.issue-139-en.xml IMF e-Library