Arbeitspapier
Long-Term Interest Rates and Public Debt Maturity
For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect is stronger for countries with higher average inflation or debt.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 4408
- Classification
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Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
Financial Markets and the Macroeconomy
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
Forecasts of Budgets, Deficits, and Debt
- Subject
-
debt
maturity
long-term interest rates
inflation
OECD
- Event
-
Geistige Schöpfung
- (who)
-
Sakalauskaite, Ieva
Beetsma, Roel
Giuliodori, Massimo
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Sakalauskaite, Ieva
- Beetsma, Roel
- Giuliodori, Massimo
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2013
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