Fiscal Redistribution Risk in Treasury Markets
收藏NBER2025-05-01 更新2025-05-17 收录
下载链接：
https://www.nber.org/papers/w33769
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资源简介：
Unfunded fiscal shocks are a significant source of risk premia in Treasury markets when central banks and governments decide to insulate taxpayers and expose bondholders' wealth to government funding needs. We illustrate this bond risk premium mechanism analytically in a two-agent model featuring
提供机构：
美国国家经济研究局
创建时间：
2025-05-01
