Do governments strategically choose debt maturity to fill supply gaps across maturities? Building on a new panel data …-year LTRO in 2011-2012 as an event study, I find that core governments filled the supply gap of longer maturity debt, which …

Do governments strategically choose debt maturity to fill supply gaps across maturities? Building on a new panel data …-year LTRO in 2011-2012 as an event study, I find that core governments filled the supply gap of longer maturity debt, which …

Do governments strategically choose debt maturity to fill supply gaps across maturities? Building on a new panel data …-year LTRO in 2011-2012 as an event study, I find that core governments filled the supply gap of longer maturity debt, which …

Do governments strategically choose debt maturity to fill supply gaps across maturities? Building on a new panel data …-year LTRO in 2011-2012 as an event study, I find that core governments filled the supply gap of longer maturity debt, which …

We develop a model with financial frictions and sovereign default risk where the maturity of public debt is allowed to … crisis depend on the average maturity of the debt portfolio …

risk by increasing bond maturity with increasing marketable debt-to-GDP levels. It further engages in active but asymmetric …, one-sided interest rate positioning; i.e., it uses mostly bonds to affect debt maturity and does so only when the interest …

-indexed debt, by a short or a long maturity structure, remains however controversial. In this paper we review the issues of … indexation and debt maturity, discussing in particular the role of the maturity structure in light of integrated financial … strong case can instead be made for a long maturity structure to reduce interest-rate risk and, more importantly, the risk of …

optimal debt maturity structure and related costs. It is shaped by two financial frictions: limited liability (the country …

We characterize the values of government debt and the debt's maturity structure under which financial crises brought on … can be gradual if debt is high or the probability of a crisisis low. We also show that, while lengthening the maturity of …

This study constructs a dataset of the maturity structure of Japanese government bond for the past half century. Using … the maturity composition data at the end of each fiscal year, this study structurally estimates a canonical preferred … maturity-composition changes …