Fabbisogno, maturità del debito e tassi d'interesse: un modello econometrico dei titoli di Stato

Abstract

This work builds a monthly econometric model of the main markets in sovereign bonds. It then estimates the model for the 1983-88 period by looking at the supply and demand of Italian sovereign bonds. The model gives special emphasis to the central bank’s interventions in the options, and to open market operations in the secondary markets. JEL Codes: C54, E44, H62

Keywords

• Italian sovereign bonds
• Central bank interventions