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Maxime Phillot

Swiss National Bank

Research

Fraumuensterstr. 8

Zuerich, 8022

Switzerland

SCHOLARLY PAPERS

5

DOWNLOADS

187

TOTAL CITATIONS

1

Scholarly Papers (5)

1.

Fiscal Funding, Convenience Yields and the Real Exchange Rate

Number of pages: 53 Posted: 27 Jan 2026
Marco Graziano, Maria Pia Lombardo and Maxime Phillot
University of Basel, University of Lausanne and Swiss National Bank
Downloads 67 (916,100)

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Exchange Rates, Convenience Yields, Fiscal-Monetary Interactions, Fiscal Shocks, Safe Assets

2.

The International Transmission of Asset Market Shocks in Liquidity Traps

Number of pages: 46 Posted: 25 Mar 2024 Last Revised: 18 May 2026
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne), Banque de France and Swiss National Bank
Downloads 60 (961,006)
Citation 1

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International spillovers, Zero lower bound, Liquidity trap, Asset scarcity

3.

Treasury Supply, Relative Convenience Yields and Exchange Rates 

Number of pages: 52 Posted: 26 Jan 2026
Marco Graziano and Maxime Phillot
University of Basel and Swiss National Bank
Downloads 35 (1,277,121)

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Liquidity, Debt Supply, Instrumental Variable

4.

Treasury Supply Shocks: Propagation Through Debt Expansion and Maturity Adjustment 

Federal Reserve Bank of Kansas City Working Paper No. RWP 26-04
Number of pages: 79 Posted: 15 Apr 2026
Huixin Bi, Maxime Phillot and Sarah Zubairy
Federal Reserve Bank of Kansas City, Swiss National Bank and Texas A&M University - Department of Economics
Downloads 23 (1,411,822)

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debt maturity, term premium, Treasury supply shocks

5.

Treasury Supply Shocks: Propagation Through Debt Expansion and Maturity Adjustment

NBER Working Paper No. w35098
Number of pages: 79 Posted: 21 Apr 2026
Huixin Bi, Maxime Phillot and Sarah Zubairy
Federal Reserve Bank of Kansas City, Swiss National Bank and Texas A&M University - Department of Economics
Downloads 2 (1,584,314)
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