When taxes do not sufficiently adjust to government debt levels, the Fiscal Theory of the Price Level predicts that other variables, such as inflation and output gap, must adjust to ensure the solvency of public finances. We study the role of optimal debt maturity portfolios in this context,...

Risk management has become an increasingly important tool for achieving strategic debt targets, and is now an integral part of a wider strategic debt management framework based on benchmarks in most jurisdictions. However, this study shows that the extent and sophistication of risk management...

This book is an authoritative source of the most up-to-date information on North American, Asian-Pacific and European bond markets. As it is drafted by the OECD debt managers themselves, it provides a unique overview of the best practices on debt management policies and techniques. This overview...