• Media type: Report; E-Book
  • Title: Long-Term Interest Rates and Public Debt Maturity
  • Contributor: Sakalauskaite, Ieva [Author]; Beetsma, Roel [Author]; Giuliodori, Massimo [Author]
  • Published: Munich: Center for Economic Studies and ifo Institute (CESifo), 2013
  • Language: English
  • Keywords: OECD ; H68 ; H63 ; E43 ; debt ; long-term interest rates ; E44 ; inflation ; H62 ; maturity
  • Origination:
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  • Description: For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect is stronger for countries with higher average inflation or debt.
  • Access State: Open Access