government debt maturity and the term structure of credit spreads. Using the data of individual corporate bonds between 1972 and … 2015, we find that a longer government debt maturity is associated with a steeper credit term structure in both the primary … debts attracts long-term investors from the corporate bond market, leading to a reduction in the demand, hence an increase …

This study constructs a dataset of the maturity structure of Japanese government bond for the past half century. Using … the maturity composition data at the end of each fiscal year, this study structurally estimates a canonical preferred … maturity-composition changes …

In this paper, I study how mortgage refinancing influences the interest rate pass-through to household budgets via … fixed-rate mortgage contracts in Denmark. I develop a model based on a state-dependent process of household actions that … endogenously determines household refinancing decisions as a function of their incentives. I show that the model leads to a dynamic …

term bonds receive higher returns than investors in similar (i.e.\ same default risk) shorter maturity bonds over the same … attributes the term premium to the idea that short maturity bonds are inherently more liquid. The goal of this paper is to …

short maturity bonds are inherently more liquid. The goal of this paper is to provide a theoretical justification of this …