What debt management strategies do OECD (Organisation for Economic Co-operation and Development) countries follow?

What debt management strategies do OECD (Organisation for Ec...

St Edmund Hall Research Expo 2015: Teddy Talks

Share:
Share:
How do debt managers decide about the maturity of new public debt? Typical debt management objectives include: cost minimization, economic stabilization and tax smoothing, and adjusting to investor preferences. These objectives cannot be all achieved simultaneously. Theoretical models from the normative literature point to (2) tax smoothing as the optimal strategy. Yet due to scarcity of empirical research, it is not clear whether that is what de...Read More
How do debt managers decide about the maturity of new public debt? Typical debt management...Read More