Sovereign default: the role of expectations

DOI10.1016/J.JET.2018.02.006zbMath1422.91516OpenAlexW2190141800MaRDI QIDQ1753722

Juan Pablo Nicolini, João Ayres, Gaston Navarro, Pedro Teles

Publication date: 29 May 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10230/27297

zbMATH Keywords

multiple equilibriasovereign defaultgood and bad times

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (4)

The revival of target zone modeling ⋮ The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures ⋮ A contraction for sovereign debt models ⋮ Risk Management for Sustainable Sovereign Debt Financing

Cites Work

• Gambling for redemption and self-fulfilling debt crises
• Equilibrium and government commitment
• Self-Fulfilling Debt Crises

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