, but re-installed by the Allies after World War II. We find that pre-Nazi patterns in public debt re-appear in cities with … a re-installed mayor, albeit all city debt defaulted after the war. We do not find such correlations in a matched sample … of cities where the Weimar mayor did not return to office. Historical public debt does also not predict debt today in …

show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with …

, but re-installed by the Allies after World War II. We find that pre-Nazi patterns in public debt re-appear in cities with … a re-installed mayor, albeit all city debt defaulted after the war. We do not find such correlations in a matched sample … of cities where the Weimar mayor did not return to office. Historical public debt does also not predict debt today in …

For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in … the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect … is stronger for countries with higher average inflation or debt. …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by … revenue losses on inframarginal units of debt that reflect the price impact of these decisions. The model predicts an interior …