History Remembered: Optimal Sovereign Default on Domestic and External Debt
收藏NBER2018-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25073
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资源简介：
Infrequent but turbulent overt sovereign defaults on domestic creditors are a forgotten history in Macroeconomics. We propose a heterogeneous-agents model in which the government chooses optimal debt and default on domestic and foreign creditors by balancing distributional incentives v. the social
提供机构：
美国国家经济研究局
创建时间：
2018-09-01
