Issuing GDP‑linked bonds: Supply and demand can match
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper compares supply and demand to assess to what extent there can be a market for GDP-linked bonds (GLBs). For the government side, simulations illustrate the debt-stabilisation property of GLBs. These simulations consider shock persistence with a VAR structure and large events with shocks drawn from the residuals. Countries where shock...
