Optimal maturity of government debt without state contingent bonds
Article Abstract:
The state contingent debt can be synthetically constructed using non-contingent debt of different maturities. The ways how a properly managed maturity structure of the debt allows a Ramsey government to implement the allocation in the absence of state contingent debt are discussed.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
United States, Public Finance Activities, National Government Liabilities & Debt, Analysis, National debt, Government securities, Public debts
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
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The expectations hypothesis of the term structure when interest rates are close to zero
Article Abstract:
Impact of negligible interest rates on the Japanese economy is examined using nonlinear functions.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
Japan, Interest Rates, Usage, Economic aspects, Monetary policy, Nonlinear theories
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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Subjects list: Laws, regulations and rules, Government regulation
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