Optimal maturity of government debt without state contingent bonds
By Francisco J. Buera, Juan Pablo Nicolini. 2004
214 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/df1a289ce53bce5e3b7b439dcde4084ac70909c0
How researchers see this paper
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In Economics and Econometrics
- Hanno Lustig
- Christopher Sleet
- Sevin Yeltekin
- Henry E. Siu
- Stijn Van Nieuwerburgh
- Lucio Sarno
- A. Verdelhan
Citations in the corpus
- Optimal fiscal and monetary policy with sticky prices (2004, background): “M ( s ) + B ( s ) = M ( s̄ ) + B ( s̄ ) , (4)”
- Politicians, Taxes, and Debt (2010, unknown): “…these frictions include—though by no means are limited to—Aguiar, Amador and Gopinath (2009), Angeletos (2002), Aiyagari et al. (2002), Bohn (1988), Buera and Nicolini (2004), Chari, Christiano and Kehoe (1994), Chari and Kehoe (1993a,b), Kydland and Prescott (1977), Krusell, Martin and…”
- Fiscal hedging with nominal assets (2008, background): “Campbell (1995) argues that a cost-minimizing government 4 should respond to a steeply sloped nominal yield curve by shortening the maturity structure since high yield 5 spreads tend to predict high expected bond returns in the future.”
- Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops (2018, unknown): “The first term on the left-hand-side of equation (16) is the direct quantity-of-debt effect of debt forgiveness.”