government debt maturity and the term structure of credit spreads. Using the data of individual corporate bonds between 1972 and … 2015, we find that a longer government debt maturity is associated with a steeper credit term structure in both the primary …

of debt debasement is based on two inputs: the distribution of privately-held nominal debt by maturity, for which we …

relies on detailed information about debt maturity and claimholders, and that uses option prices to construct risk … instead inflation is combined with financial repression that ex post extends the maturity of the debt, then the reduction in …

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

liabilities differ, rebalancing the maturity structure changes the government cost of capital. In the fiscal theory, changes in …This paper explores the interactions between yield curve dynamics and nominal government debt maturity operations under … fiscal stress in a New Keynesian model with endogenous bond risk premia. Open market debt maturity operations are non …

relies on detailed information about debt maturity and claimholders, and that uses option prices to construct risk … instead inflation is combined with financial repression that ex post extends the maturity of the debt, then the reduction in …

We propose a clientele-based model of the yield curve and optimal maturity structure of government debt. Clienteles are … generations of agents at different lifecycle stages in an overlapping-generations economy. An optimal maturity structure exists in …--effects that we also confirm empirically in a panel of OECD countries. Moreover, under the optimal maturity structure, catering to …

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