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Self-fulfilling debt crises, fiscal policy and investment
16 references·0 citing·47 second hopsampled
Self-fulfilling debt crises, fiscal policy and investment (2021)Self-fulfilling debt crises, fiscal polic…Slow Moving Debt Crises (2019)Slow Moving Debt CrisesSelf-Fulfilling Debt Crises: A Quantitative Analysis (2019)Self-Fulfilling Debt Crises: …The Pass-Through of Sovereign Risk (2016)The Pass-Through of Sovereign…THE MYSTERY OF THE PRINTING PRESS: MONETARY POLICY AND SELF-FULFILLING DEBT CRISES (2016)THE MYSTERY OF THE PRINTING P…Quantitative Models of Sovereign Debt Crises (2016)Quantitative Models of Sovere…Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment (2016)Downward Nominal Wage Rigidit…Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects (2013)Sovereign debt markets in tur…Sovereign Risk, Fiscal Policy, and Macroeconomic Stability (2012)Sovereign Risk, Fiscal Policy…Financial integration and international risk sharing (2011)Financial integration and int…Default Risk and Income Fluctuations in Emerging Economies (2008)Default Risk and Income Fluct…Investment Cycles and Sovereign Debt Overhang (2007)Investment Cycles and Soverei…Defaultable debt, interest rates and the current account (2005)Defaultable debt, interest ra…Self-Fulfilling Debt Crises (2000)Self-Fulfilling Debt CrisesServicing 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. (1989)Servicing the Public Debt: Th…Financing vs. forgiving a debt overhang (1988)Financing vs. forgiving a deb…Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Debt with Potential Repudiati…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Staggered prices in a utility-maximizing framework (1983)Staggered Prices in a Utility-Maximizing Framework (1996)Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks (2002)From Financial Crash to Debt Crisis (2011)Agency Costs, Net Worth, And Business Fluctuations (1988)Credit Cycles (1997)Overborrowing and Systemic Externalities in the Business Cycle (2011)Sovereign Default, Domestic Banks, and Financial Institutions (2013)Inequality, Leverage, and Crises (2015)Optimal fiscal and monetary policy in an economy without capital (1983)Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986)Currency crashes in emerging markets: An empirical treatment (1996)Foundations of International Macroeconomics (1997)How Sovereign Is Sovereign Credit Risk? (2011)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Maximum Likelihood Methods for Models of Markets in Disequilibrium (1974)Imperfect Information, Uncertainty, and Credit Rationing (1976)Information and the Change in the Paradigm in Economics (2002)Business cycles in emerging economies: the role of interest rates (2005)Default Risk and Income Fluctuations in Emerging Economies (2007)Inflation dynamics: A structural econometric analysis (1999)Interest and Prices (2004)What Determines Government Spending Multipliers? (2012)Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation (2015)Credit Frictions and Optimal Monetary Policy (2016)Handbook of Labor Economics (1989)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Household Debt and Business Cycles Worldwide* (2017)Regulating capital flows to emerging markets: An externality view (2017)A Model of Secular Stagnation: Theory and Quantitative Evaluation (2019)Common risk factors in the returns on stocks and bonds (1993)A model of unconventional monetary policy (2010)Collateral constraints and macroeconomic asymmetries (2017)Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops (2017)Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans (2018)Theoretical Issues in International Borrowing (1983)A Constant Recontracting Model of Sovereign Debt (1986)The pure theory of country risk (1986)Do stock market liberalizations cause investment booms? (2000)Public debt and economic growth: Is there a causal effect? (2014)Public debt and growth: Heterogeneity and non-linearity (2015)Growth in a Time of Debt (2010)The European Sovereign Debt Crisis (2012)Gross capital flows: Dynamics and crises (2013)Investment, Capacity Utilization and the Real Business Cycle (1986)Emerging Market Business Cycles: The Cycle Is the Trend (2007)
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References

  • 1981Debt with Potential Repudiation: Theoretical and Empirical Analysis2,611 cited
  • 2008Default Risk and Income Fluctuations in Emerging Economies1,280 cited
  • 1988Financing vs. forgiving a debt overhang1,213 cited
  • 2005Defaultable debt, interest rates and the current account800 cited
  • 2000Self-Fulfilling Debt Crises744 cited
  • 2016Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment520 cited
  • 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. 647–661.450 cited
  • 2012Sovereign Risk, Fiscal Policy, and Macroeconomic Stability423 cited
  • 2016The Pass-Through of Sovereign Risk389 cited
  • 2013Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects264 cited
  • 2011Financial integration and international risk sharing167 cited

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2007
Investment Cycles and Sovereign Debt Overhang
166 cited
  • 2016THE MYSTERY OF THE PRINTING PRESS: MONETARY POLICY AND SELF-FULFILLING DEBT CRISES157 cited
  • 2019Self-Fulfilling Debt Crises: A Quantitative Analysis155 cited
  • 2016Quantitative Models of Sovereign Debt Crises132 cited
  • 2019Slow Moving Debt Crises131 cited
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