"Impact of Sovereign Debt Maturity on Fiscal Sustainability", forthcoming 2026 [ABS 3; ABDC B] António Afonso, José Alves, Oļegs Matvejevs, Olegs Tkacevs.
🌀 19 developed countries (1995-20): gov debt with maturity above 10y reduces fiscal responsiveness.
🌀QE played a key role.
