Bigio, Saki; Nuño Barrau, Galo; Passadore, Juan - 2019
mantienen si extendemos el modelo para incorporar riesgo agregado o impago estratégico ; We characterize the optimal debt-maturity … management problem of a government in a small open economy. The government issues a continuum of finite-maturity bonds in the … maturity is proportional to the difference between its market price and its domestic valuation, the latter defined as the price …