Tsintzos, Panagiotis; Efthimiadis, Tilemahos; … - In: Review of Economic Analysis : REA 15 (2023) 2, pp. 127-137
management can trigger a non-interest rate channel of credit expansion. This creates incentives for the government to use debt … management for promoting non-debt management goals, thus, choosing debt maturity structure that differs from its optimal. Through … a theoretical monetary policy game, we show that it is welfare improving to delegate public debt management to an …