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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4408
- Klassifikation
-
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
- Thema
-
debt
maturity
long-term interest rates
inflation
OECD
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sakalauskaite, Ieva
Beetsma, Roel
Giuliodori, Massimo
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sakalauskaite, Ieva
- Beetsma, Roel
- Giuliodori, Massimo
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2013
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