Time Consistency and Duration of Government Debt: A Model of Quantitative Easing

DOI10.1093/RESTUD/RDAC063zbMATH Open1521.91213OpenAlexW4295980881MaRDI QIDQ6136987FDOQ6136987

Authors: Saroj Bhattarai, Gauti B. Eggertsson, Bulat Gafarov 

Publication date: 31 August 2023

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1093/restud/rdac063

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zbMATH Keywords

quantitative easingsignallingzero lower boundtime-consistent equilibriumgovernment debt maturity

Mathematics Subject Classification ID

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

Cited In (4)

• When is government debt accumulation optimal in a liquidity trap?
• Analyzing linear DSGE models: the method of undetermined Markov states
• A continuous-time model of sovereign debt
• The financial market effects of unwinding the Federal Reserve's balance sheet

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