Erwartungen, wenn Staatsschulden bereits hoch sind. Auch in Hinblick auf Geldpolitik können zustandsabhängige Effekte beobachtet …

stance of monetary/fiscal policy. Accounting for risk premia in the fiscal theory allows the government portfolio to affect … fiscal theory directly depend on the conditional nominal term premium, giving rise to an optimal debt maturity policy that is …

A new theory of price determination suggests that if primary surpluses are independent of the level of debt, the price …

A new theory of price determination suggests that if primary surpluses are independent of the level of debt, the price …