Optimal Time-Consistent Government Debt Maturity
收藏NBER2014-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20632
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资源简介：
This paper develops a model of optimal government debt maturity in which the government cannot issue state-contingent bonds and cannot commit to fiscal policy. If the government can perfectly commit, it fully insulates the economy against government spending shocks by purchasing short-term assets
提供机构：
美国国家经济研究局创建时间：
2014-11-01
