This paper examines how the transmission of government portfolio risk arising from maturity operations depends on the … the expected inflation, even in a frictionless economy. The effects of maturity rebalancing on expected inflation in the … fiscal theory directly depend on the conditional nominal term premium, giving rise to an optimal debt maturity policy that is …

This paper studies the mediating impact of the maturity of public debt in the transmission of monetary policy shocks to … economic activity. A longer debt maturity attenuates greatly the effect of monetary policy: going from the average historical …

increase in debt maturity when debt rises ceases to operate when QE is active, possibly because markets perceived it as a …