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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 …
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Zentralbank (EZB) wird erstmals untersucht, in welchem Umfang das Schuldenmanagement die Wirkungen geldpolitischer Impulse …
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increase in debt maturity when debt rises ceases to operate when QE is active, possibly because markets perceived it as a …
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