government debt management can address this problem. The optimal policy supplies retirees with securities that share the …, state-contingent government bonds are a better risk sharing tools than pensions, which become too costly, or taxation, which …

In the present paper it is examined whether, and to what extent, the increase in public debt in Germany gives rise to a … such that the development of the ration of debt to national income is bounded and future welfare losses are avoided … satisfied by confining public debt to financing productive investments.(Original text only available in german language) …

Governments may be interested to develop the retail market for government debt for a number of reasons - for example …

A number of governments state explicitly, in broad terms, their goals for debt management. For most, these could be … summarised as: "Raising finance from the non-government sector in order to cover the government’s borrowing needs, while … minimising the long-run cost of debt service and taking account of risk (and, where necessary, co-ordinating with monetary policy …