Gambling for redemption and self-fulfilling debt crises

DOI10.1007/s00199-017-1085-5zbMath1398.91438OpenAlexW2115491367MaRDI QIDQ680957

Timothy J. Kehoe, Juan Carlos Conesa

Publication date: 29 January 2018

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

Full work available at URL: http://www.minneapolisfed.org/research/sr/sr465.pdf

zbMATH Keywords

debt crisisrecessioneurozonerollover crisis

Mathematics Subject Classification ID

Games with infinitely many players (91A07) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

The implications of a graying Japan for government policy ⋮ Financial maintenance covenants in bank loans ⋮ Borrowing into debt crises ⋮ Sustaining Ramsey plans with one-period bonds ⋮ Introduction to the special issue on models of debt and debt crises ⋮ The productivity cost of sovereign default: evidence from the European debt crisis ⋮ Sovereign default: the role of expectations ⋮ Risk Management for Sustainable Sovereign Debt Financing

Cites Work

• The productivity cost of sovereign default: evidence from the European debt crisis
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Self-Fulfilling Debt Crises
• A General Equilibrium Model of Sovereign Default and Business Cycles
• Take the Short Route: Equilibrium Default and Debt Maturity
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

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