Optimal Maturity of Nominal Government Debt: The First Tests

Guillermo Calvo, Pablo Guidotti and Leonardo Leiderman

No 275496, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

Abstract: We report a first set of empirical results obtained from estimating, on U.S. data, a model of the optimal maturity structure of nominal government debt in a context where there is no full policy precommitment and markets are incompleted.

Keywords: Financial Economics; Political Economy (search for similar items in EconPapers)
Pages: 17
Date: 1990-10
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https://ageconsearch.umn.edu/record/275496/files/TEL-AVIV-FSWP-166.pdf (application/pdf)

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Journal Article: Optimal maturity of nominal government debt: The first tests (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275496

DOI: 10.22004/ag.econ.275496

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