Episodes of high inflation are generally accompanied by a shortening of the maturity of nominal debt contracts. This … and the maturity structure of nominal bonds. The model shows that under the presence of a small risk of price … a negative relationship between inflation and maturity. The paper shows evidence of this negative correlation from …

. The prevalence of maturity extensions has been hard to reconcile with economic theory. We develop a model of endogenous …Sovereign debt crises involve debt restructurings characterized by a mix of face-value haircuts and maturity extensions … negative maturity extensions, three factors are important in overcoming the effects of dilution and generating maturity …

productivity. A quantitative model of news and sovereign debt default with endogenous maturity choice generates impulse responses … precision of news allows the government to improve its debt maturity management, especially during periods of high stress in …

We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under …

This study develops a novel model of endogenous sovereign debt maturity choice that rationalizes various stylized facts … about debt maturity and the yield spread curve: first, sovereign debt duration and maturity generally exceed one year, and …, output volatility, sudden stops, impatience and risk aversion are key determinants of maturity, both in our model and in the …

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 …