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Government debt management and inflation with real and nominal bonds
Schmid, Lukas; Valaitis, Vytautas; Villa, Alessandro T. - 2022
In the wake of rising inflation in the aftermath of unprecedented debt financed stimulus packages, we ask: Can governments use real bonds (TIPS) as part of their debt portfolio to commit to stable inflation rates? We propose a novel framework of optimal debt management in the presence of sticky...
Persistent link: https://www.econbiz.de/10013259696
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Time consistency and duration of government debt : a model of quantitative easing
Bhattarai, Saroj; Eggertsson, Gauti B.; Gafarov, Bulat - In: The review of economic studies : RES 90 (2023) 4, pp. 1759-1799
Persistent link: https://www.econbiz.de/10014320467
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Excess liquidity, housing price booms and policy challenges in China
Guo, Shen; Li, Chen - In: China & world economy 19 (2011) 6, pp. 76-91
Persistent link: https://www.econbiz.de/10009408527
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Liquidity regulation and financial stability
Li, Yang - In: Macroeconomic dynamics 24 (2020) 5, pp. 1240-1263
Persistent link: https://www.econbiz.de/10012241320
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How has sovereign bond market liquidity changed? : an illiquidity spillover analysis
Schneider, Michael; Lillo, Fabrizio; Pelizzon, Loriana - 2016
, concerns about the market liquidity of the Eurozone sovereign debt markets have been raised. We aim to quantify illiquidity … risks, especially such related to liquidity dry-ups, and illiquidity spillover across maturities by examining the reaction … processes. We find that: a) market liquidity is more fragile and less predictable when an asset is very illiquid and, b) the …
Persistent link: https://www.econbiz.de/10011552483
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Interactions of unconventional monetary policy measures with the euro area yield curve
Gertler, Ľubomíra - In: Finance a úvěr 65 (2015) 2, pp. 106-126
Persistent link: https://www.econbiz.de/10010501900
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Ein Krisenmechanismus für die Eurozone : Sonderausgabe
Sinn, Hans-Werner; Carstensen, Kai - 2010
Persistent link: https://www.econbiz.de/10008759627
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The price of money : now collateral policy affects the yield curve
Nyborg, Kjell G.; Woschitz, Jiri - 2021
Central-bank collateral policy governs the convertibility of assets into central-bank money provided directly by the central bank. Focusing on government bonds, we develop clean identification of variation in such convertibility by exploiting differential treatment of same-country government...
Persistent link: https://www.econbiz.de/10012799625
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The driving factors of EMU government bond yields : the role of debt, liquidity and fiscal councils
Pappas, Anastasios; Kostakis, Ioannis - In: International Journal of Financial Studies : open … 8 (2020) 3/53, pp. 1-12
government's debt risk premium. Finally, liquidity in the Euro area plays a significant role on yields determination. The results …
Persistent link: https://www.econbiz.de/10012291891
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The role of inflation-linked bonds : increasing, but still modest
Westerhout, Ed W. M. T.; Ciocyte, Ona - 2017
Persistent link: https://www.econbiz.de/10011666376