Optimal Domestic (and External) Sovereign Default
收藏NBER2016-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22509
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资源简介：
Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a forgotten history in Macroeconomics. We propose a heterogeneous-agents model in which optimal debt and default on domestic and foreign creditors are driven by distributional incentives and
提供机构：
美国国家经济研究局
创建时间：
2016-08-01
