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

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Year of publication:	2013
Authors:	Sakalauskaite, Ieva
Other Persons:	Beetsma, Roel (contributor) ; Giuliodori, Massimo (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Öffentliche Schulden \| Public debt \| Zins \| Interest rate \| Fälligkeit \| Maturity \| OECD-Staaten \| OECD countries \| Inflation

Extent:	1 Online-Ressource (10 p)
Series:	CESifo Working Paper Series ; No. 4408
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 30, 2013 erstellt
Other identifiers:	10.2139/ssrn.2334681 [DOI]
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; E44 - Financial Markets and the Macroeconomy ; H62 - Deficit; Surplus ; H63 - Debt; Debt Management ; H68 - Forecasts of Budgets, Deficits, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013075134