@article{jiang2026manufacturing,
  title={Manufacturing risk-free government debt},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  year={2026},
  journal={Journal of Financial Economics},
  volume = {176},
  pages = {104203},
  issn = {0304-405X},
  doi = {https://doi.org/10.1016/j.jfineco.2025.104203},
}