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Optimal Government Debt Maturity
SSRN Electronic Journal, 2014Davide Debortoli +2 more
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Optimal Debt Maturity under EMU [PDF]
, 2001 A standard result of optimal debt management models is that in a world of complete markets, where policymakers can make credible announcements, the maturity structure of government debt is totally irrelevant. This paper investigates the role of debt maturity in a very simple context in which policy precommitment is allowed but state-contingent debt ...
openaire
Sovereign Debt Maturity without Commitment [PDF]
, 2009 I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of default induced redistribution and costs due to income losses in the wake of a default. Their choice of short- versus long-term debt affects default and rollover decisions by subsequent policy makers.
openaire
Quantum Chemical Studies of Light Harvesting
Chemical Reviews, 2017Carles Curutchet, Benedetta Mennucci
exaly
Theory and Simulation of the Ultrafast Double-Bond Isomerization of Biological Chromophores
Chemical Reviews, 2017Samer Gozem, Hoi Ling Luk, Igor Schapiro
exaly