Published Quarterly Journal of Economics Online 11 Dec 2024 Published Jan 2025Costs of Financing U.S. Federal Debt Under a Gold Standard: 1791-1933Jonathan Payne · Bálint Szőke · George Hall · Thomas J SargentThis paper constructs a new dataset of US federal bond prices and uses it to estimate the full term structure of yields on gold-denominated US federal debt from 1791 to 1933 — the entire gold standard …