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 …

This paper examines the evolution of the maturity structure of marketable Treasury debt from 1953 to 1983. Average … maturity contracted erratically from 1953 to 1960, expanded through mid-1965, contracted again through late 1975, and then … expanded into the early 1980s. What accounts for these broad trends? In particular, what were the maturity objectives of …

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 …

The aim of this paper is to analyze the relation between maturity structure, sovereign bond yields and sovereign risk … relationship between sovereign bond yields, sovereign risk and the maturity structure of sovereign debt, regardless of the proxy … shortens the maturity structure of sovereign debt because it reduces the stock of long-term debt. The relationship between …

This paper examines the evolution of the maturity structure of marketable Treasury debt from 1953 to 1983. Average … maturity contracted erratically from 1953 to 1960, expanded through mid-1965, contracted again through late 1975, and then … expanded into the early 1980s. What accounts for these broad trends? In particular, what were the maturity objectives of …