The purpose of the present paper is to examine theoretically and empirically how the maturity structure of government … debt is affected by changes in its main macroeconomic determining factors. We organize our investigation around a maturity …-structure model for Greece in which the optimal (annual) average maturity of a total of outstanding government bonds of different …

the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect …

elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in … interest rate increases the average loan size by 0.22% whereas a commensurable increase in maturity increases loan demand by 0 … the distribution of contract maturities: short term borrowers are unresponsive to their contract length while maturity …