Optimal maturity of nominal government debt. The first tests

Guillermo A. Calvo*, Pablo E. Guidotti, Leonardo Leiderman

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


We report a first set of empirical results obtained from estimating, on U.S. data, a model of the optimal maturity structure of nominal government debt in a context where there is no full policy precommitment and markets are incomplete.

Original languageEnglish
Pages (from-to)415-421
Number of pages7
JournalEconomics Letters
Issue number4
StatePublished - Apr 1991


Dive into the research topics of 'Optimal maturity of nominal government debt. The first tests'. Together they form a unique fingerprint.

Cite this