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Common sovereign debt instruments : an analytical framework

Monteiro, Daniel P. - 2023

Persistent link: https://www.econbiz.de/10014631586

Crowding out in Ricardian economies

Abel, Andrew B. - In: Journal of monetary economics 87 (2017), pp. 52-66

Persistent link: https://www.econbiz.de/10011799140

Discount rates, debt maturity, and the fiscal theory

Corhay, Alexandre; Kind, Thilo; Kung, Howard; Morales, … - 2021

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 …

Persistent link: https://www.econbiz.de/10012886258

Stagflationary Effect of Government Bond Financing in the Transforming Chinese Economy : A General Equilibrium Analysis

Fung, Michael Ka-yiu; Ho, Wai-Ming; Zhu, Li Jing - 2000

output and inflation if the Chinese government relies more on bonds and less on money creation for budget deficit and debt … fraction of government deficit and debt repayment financed by bonds is sufficiently small and the tax rate on labor income is …

Persistent link: https://www.econbiz.de/10014149337

Government Debt Management and Inflation with Real and Nominal Bonds

Schmid, Lukas; Valaitis, Vytautas; Villa, Alessandro - 2022

governments use real bonds (TIPS) as part of their debt portfolio to commit to stable inflation rates? We propose a novel … state-contingent bonds. Nominal debt can be inflated away giving ex-ante flexibility, whereas real bonds are cheaper but …

Persistent link: https://www.econbiz.de/10014030562

Sustaining budget deficits in open economies

Langdana, Farrokh K. - 1990

Persistent link: https://www.econbiz.de/10013488228

Managing public debt : index-linked bonds in theory and practice

De Cecco, Marcello (ed.); Pecchi, Lorenzo (contributor); … - 1997

Persistent link: https://www.econbiz.de/10013551952

The US public debt valuation puzzle

Jiang, Zhengyang; Lustig, Hanno; Nieuwerburgh, Stijn van; … - In: Econometrica : journal of the Econometric Society, an … 92 (2024) 4, pp. 1309-1347

Persistent link: https://www.econbiz.de/10015048053

Monetary Policy, Bond Returns and Debt Dynamics

Berndt, Antje - 2015

Using the government's intertemporal budget constraint, we quantify the contribution of returns paid on the U.S. government's debt portfolio to the evolution of the debt-to-GDP ratio. We show that announcements of unconventional monetary policy measures by the Federal Reserve between 2008.IV and...

Persistent link: https://www.econbiz.de/10013028968

The term structure of government debt uncertainty

Mele, Antonio; Obayashi, Yoshiki; Yang, Shihao - 2019

Persistent link: https://www.econbiz.de/10012181125