, lengthening its average maturity and/or smoothing the time distribution of maturing issues. …

In this paper we first propose a proxy for the maturity of a country’s export bundle based on product life cycle theory …. Employing a conditional latent class model, we then examine the effect of maturity of countries’ exports on their economic … faster when they specialize in less mature products in an advanced country regime. The effect of maturity turns insignificant …

average maturity of government debt. We analyse these relationships under two different institutional settings. In one case … given. We identify the main mechanisms through which inflation is affected by debt and debt maturity (a real balance effect … monetary and fiscal policy we find that the persistence and volatility of inflation depends on the sign, size and maturity …

This paper explores the relationship between inflation and the existence of a publicly-traded, long-maturity, nominal …

the specification of shocks or small variations in the maturity of bonds issued. We further extend the literature by …

incomplete markets where the government issues bonds of maturity N > 1. Assuming the existence of long bonds introduces an … because of the promises made to cut future taxes. The longer the maturity of bonds the more promises need to be monitored and …

We propose a clientele-based model of the yield curve and optimal maturity structure of government debt. Clienteles are … generations of agents at different lifecycle stages in an overlapping-generations economy. An optimal maturity structure exists in …---effects that we also confirm empirically in a panel of OECD countries. Moreover, under the optimal maturity structure, catering to …