Debt Maturity: Is Long-Term Debt Optimal?
收藏NBER2007-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13119
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We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing. We use a dynamic equilibrium model with tax distortions and government outlays uncertainty, and model maturity as the
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美国国家经济研究局创建时间：
2007-05-01
