Thilo Kind - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T13:31:01+00:00Discount Rates, Debt Maturity, and the Fiscal Theory
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-58/
Do bond risk premiums influence the effects of debt maturity operations? Using a model with realistic bond risk premiums, we show that maturity operations have sizable effects on expected inflation and output when the central bank passively responds to inflation and the fiscal authority weakly responds to the debt level.2021-11-26T09:21:16+00:00enDiscount Rates, Debt Maturity, and the Fiscal Theory2021-11-26Fiscal policyInterest ratesMonetary policyStaff Working Paper 2021-58https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-58.pdfStaff Working Paper 2021-58Alexandre CorhayThilo KindHoward KungGonzalo MoralesNovember 2021EE4E43E44E6E63GG1G12