-year and ten-year UK index-linked debt, and a two-factor model of the nominal term structure for the corresponding nominal …

This paper argues that serious fiscal vulnerabilities arising from many years of high government debt will create new … and complex interactions between public debt management (PDM) and monetary policy (MP). The paper notes that, although … separation of their policies from fiscal policy (FP). The mandates of debt management offices (DMOs) have usually had a …

seek to reduce fiscal deficits and reverse the increasing trend of public debt mainly through immediate spending cuts. The … in the medium and long run will abate debt-to-GDP ratios. That growth can result from coordinated supportive policies …

We explore sustainable paths out of a debt trap with a highly stylized two-sector differential equations model for the … correlation of 0.996. The solutions provide detailed “escape conditions” from the debt trap. A primary surplus is required. Then a … government can escape its debt trap either through sustained annual monetary outflows from society to the government (taxation …

leveraged banks’ precautionary demand for liquidity. When adverse asset shocks materialize, a bank’s ability to roll over debt …

by the ratio of debt service to tax receipts and expected fiscal deficits. Moreover, there is evidence to suggest that …