Optimal maturity of nominal government debt. The first tests

Guillermo A. Calvo; Pablo E. Guidotti; Leonardo Leiderman

doi:10.1016/0165-1765(91)90012-A

Optimal maturity of nominal government debt. The first tests

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

^*Corresponding author for this work

School of Economics

International Monetary Fund

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

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 language	English
Pages (from-to)	415-421
Number of pages	7
Journal	Economics Letters
Volume	35
Issue number	4
DOIs	https://doi.org/10.1016/0165-1765(91)90012-A
State	Published - Apr 1991

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author = "Calvo, {Guillermo A.} and Guidotti, {Pablo E.} and Leonardo Leiderman",

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Optimal maturity of nominal government debt. The first tests

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