On the irrelevance of the maturity structure of government debt without commitment

Christopher Phelan

doi:10.1016/S0899-8256(03)00053-8

On the irrelevance of the maturity structure of government debt without commitment

Christopher Phelan

Economics (Twin Cities)

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

2 Scopus citations

Abstract

This paper presents a government debt game with the property that if the timing of debt auctions within a period is sufficiently unfettered, the set of equilibrium outcome paths of real economic variables given the government has access to a rich debt structure is identical to the set of equilibrium outcome paths given the government can issue only one-period debt.

Original language	English (US)
Pages (from-to)	115-128
Number of pages	14
Journal	Games and Economic Behavior
Volume	46
Issue number	1
DOIs	https://doi.org/10.1016/S0899-8256(03)00053-8
State	Published - Jan 2004

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access

10.1016/S0899-8256(03)00053-8

OpenUrl availability

Full text

Cite this

@article{1ae5af9a803a4c9ba47d2175d7c3427f,

title = "On the irrelevance of the maturity structure of government debt without commitment",

abstract = "This paper presents a government debt game with the property that if the timing of debt auctions within a period is sufficiently unfettered, the set of equilibrium outcome paths of real economic variables given the government has access to a rich debt structure is identical to the set of equilibrium outcome paths given the government can issue only one-period debt.",

author = "Christopher Phelan",

year = "2004",

month = jan,

doi = "10.1016/S0899-8256(03)00053-8",

language = "English (US)",

volume = "46",

pages = "115--128",

journal = "Games and Economic Behavior",

issn = "0899-8256",

publisher = "Academic Press Inc.",

number = "1",

}

TY - JOUR

T1 - On the irrelevance of the maturity structure of government debt without commitment

AU - Phelan, Christopher

PY - 2004/1

Y1 - 2004/1

N2 - This paper presents a government debt game with the property that if the timing of debt auctions within a period is sufficiently unfettered, the set of equilibrium outcome paths of real economic variables given the government has access to a rich debt structure is identical to the set of equilibrium outcome paths given the government can issue only one-period debt.

AB - This paper presents a government debt game with the property that if the timing of debt auctions within a period is sufficiently unfettered, the set of equilibrium outcome paths of real economic variables given the government has access to a rich debt structure is identical to the set of equilibrium outcome paths given the government can issue only one-period debt.

UR - http://www.scopus.com/inward/record.url?scp=0345770186&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0345770186&partnerID=8YFLogxK

U2 - 10.1016/S0899-8256(03)00053-8

DO - 10.1016/S0899-8256(03)00053-8

M3 - Article

AN - SCOPUS:0345770186

SN - 0899-8256

VL - 46

SP - 115

EP - 128

JO - Games and Economic Behavior

JF - Games and Economic Behavior

IS - 1

ER -

On the irrelevance of the maturity structure of government debt without commitment

Abstract

UN SDGs

Access

OpenUrl availability

Other files and links

Fingerprint

Cite this