Replication data for: What Makes US Government Bonds Safe Assets?

Zhiguo He, Arvind Krishnamurthy & Konstantin Milbradt
US government bonds are considered to be the world's safe store of value, especially during periods of economic turmoil such as the events of 2008. But what makes US government bonds \"safe assets\"? We highlight coordination among investors, and build a model in which two countries with heterogeneous sizes issue bonds that may be chosen as safe asset. Our model illustrates the benefit of a large absolute debt size as safe asset investors have \"nowhere...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.