Optimal public debt management and liquidity provision /

Optimal public debt management and liquidity provision /

We study the Ramsey policy problem in an economy in which firms face a collateral constraint. Issuing more public debt alleviates this friction by increasing the aggregate quantity of collateral. In so doing, however, the issuance of more debt also raises interest rates, which in turn increases the...

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Bibliographic Details
Corporate Author: Massachusetts Institute of Technology Department of Economics
Other Authors: Angeletos, Marios, Collard, Fabrice, Dellas, Harris, 1958-, Diba, Behzad
Format: Book
Language:English
Published: Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, [2012]
Series:Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 13-02
Subjects:
Collateralized debt obligations > United States > Econometric models
Debts, Public > United States > Econometric models
Fiscal policy > United States > Econometric models
Liquidity (Economics) > Econometric models
Ramsey theory > Econometric models
Collateralized debt obligations
Debts, Public
Econometric models
Fiscal policy
Liquidity (Economics)
Ramsey theory
United States
Technical reports

Internet

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Massachusetts Institute of Technology

Holdings details from Massachusetts Institute of Technology
Call Number: HB31.M415 no.13-02

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