Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt
收藏NBER2013-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18922
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资源简介：
We propose a clientele-based model of the yield curve and optimal maturity structure of government debt. Clienteles are generations of agents at different lifecycle stages in an overlapping-generations economy. An optimal maturity structure exists in the absence of distortionary taxes and induces
提供机构：
美国国家经济研究局
创建时间：
2013-03-01
