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Self-fulfilling debt crises, fiscal policy and investment · Study

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ArticleSelf-fulfilling debt crises, fiscal policy and investment

Carlo Galli2021

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Articlegreen2021

Self-fulfilling debt crises, fiscal policy and investment

15 citations·0/0 files stored·Journal of International Economics

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Global Financial Crisis and Policies Fiscal Policies and Political Economy European Monetary and Fiscal Policies

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References

1981Debt with Potential Repudiation: Theoretical and Empirical Analysis 2008Default Risk and Income Fluctuations in Emerging Economies 1988Financing vs. forgiving a debt overhang 2005Defaultable debt, interest rates and the current account 2000Self-Fulfilling Debt Crises 2016Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment 1989Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661.2012Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

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Details

Year2021

Typearticle

Published2021-04-02

VenueJournal of International Economics

ISSN-L0022-1996

Languageen

Citations15

Files0 public / 0

ShelfGlobal Financial Crisis and Policies

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doi10.1016/j.jinteco.2021.103475

openalex_workW2944504010

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