Corhay, Alexandre; Kind, Thilo; Kung, Howard; Morales, … - 2021 - Last updated: November 26, 2021
fiscal theory directly depend on the conditional nominal term premium, giving rise to an optimal debt maturity policy that is …This paper examines how the transmission of government portfolio risk arising from maturity operations depends on the … stance of monetary/fiscal policy. Accounting for risk premia in the fiscal theory allows the government portfolio to affect …