Real Interest Rates, Sovereign Risk and Optimal Debt Management

F. Drudi and Raffaela Giordano ()

Working Papers from Banca Italia - Servizio di Studi

Abstract: The role of movements in real rates in explaining the relationship between long and short-term interest rates is explored using a model of optimal government debt management.

Keywords: INTEREST RATE; RISK; PUBLIC DEBT; MANAGEMENT (search for similar items in EconPapers)
JEL-codes: E40 D80 D81 H60 H63 (search for similar items in EconPapers)
Date: 1994
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