via yields. The combined impact of the PSPP via these channels amounts to maturity extensions at issuance of about one … year in our estimation, which compares to the average issuance maturity for Germany, France, Italy and Spain before the …

This study constructs a dataset of the maturity structure of Japanese government bond for the past half century. Using … the maturity composition data at the end of each fiscal year, this study structurally estimates a canonical preferred … maturity-composition changes …

The aim of this paper is to analyze the relation between maturity structure, sovereign bond yields and sovereign risk … relationship between sovereign bond yields, sovereign risk and the maturity structure of sovereign debt, regardless of the proxy … shortens the maturity structure of sovereign debt because it reduces the stock of long-term debt. The relationship between …

This paper examines the evolution of the maturity structure of marketable Treasury debt from 1953 to 1983. Average … maturity contracted erratically from 1953 to 1960, expanded through mid-1965, contracted again through late 1975, and then … expanded into the early 1980s. What accounts for these broad trends? In particular, what were the maturity objectives of …

We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under …

lengthening the maturity of its issuance at the same time. This paper reports estimates of the impact of these policies on long …-term rates using an empirical model that builds on Laubach (2009). Lowering the average maturity of US Treasury debt held outside … interest rates. Central banks will face uncertainty not only about the true magnitude of maturity effects, but also about the …

and maturity of public debt that would otherwise have been held by the private sector. We present new evidence that … tilting the maturity structure of private sector holdings significantly influences term premia, even outside crisis times. Our …