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Credibility and the Maturity of Government Debt


  • Yan Bai

    (University of Rochester)

  • Patrick Kehoe

    (Princeton University)

  • Ananth Ramanarayanan

    (University of Western Ontario)

  • Cristina Arellano

    (Federal Reserve Bank of Minneapolis)


rates, shorter maturity of debt and can sustain low debt levels.

Suggested Citation

  • Yan Bai & Patrick Kehoe & Ananth Ramanarayanan & Cristina Arellano, 2014. "Credibility and the Maturity of Government Debt," 2014 Meeting Papers 1411, Society for Economic Dynamics.
  • Handle: RePEc:red:sed014:1411

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