-indexed debt, by a short or a long maturity structure, remains however controversial. In this paper we review the issues of … indexation and debt maturity, discussing in particular the role of the maturity structure in light of integrated financial … strong case can instead be made for a long maturity structure to reduce interest-rate risk and, more importantly, the risk of …

of maturity N > 1. We find that many features of optimal policy are sensitive to the introduction of long bonds, in … in the market until maturity, we find two additional reasons why taxes are volatile due to debt management concerns: debt …