Optimal time-consistent government debt maturity

DOI10.1093/QJE/QJW038MaRDI QIDQ4963082zbMATH OpenOpenAlexFDO

Authors Davide Debortoli, Ricardo Nunes, Pierre Yared

Publication date 6 November 2018

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1093/qje/qjw038

zbMATH Keywords

fiscal policyoptimal government debt maturitytime-consistent maturity structure

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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• Government debt, learning and the term structure
• Optimal debt management in a liquidity trap
• Present-biased government and sovereign debt dynamics
• Sustaining Ramsey plans with one-period bonds
• A continuous-time model of sovereign debt
• Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level
• Fiscal Policy with Noncontingent Debt and the Optimal Maturity Structure
• Self-Fulfilling Debt Crises
• Take the short route: equilibrium default and debt maturity
• When is government debt accumulation optimal in a liquidity trap?
• The social value of risk-free government debt
• Managing the inflation-output trade-off with public debt portfolios
• Infinite-maturity public debt and the fiscal theory of the price level

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