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Luca Bettarelli

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Open access Oct 2026

Fiscal-Monetary Interactions

This paper examines how the maturity structure of sovereign debt shapes fiscal–monetary interactions in the United States. Using exogenous monetary policy shocks and nonlinear local projections, we show that debt maturity influences both the fiscal consequences of monetary tightening and its macroeconomic transmission....

Luca Bettarelli, F. Frangiamore, Davide Furceri et al. · 0 citations

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