Fiscal Stimulus under Sovereign Risk
收藏NBER2019-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26307
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资源简介：
What is the optimal fiscal policy response to a recession when the government is subject to sovereign risk? We study this question in a model of endogenous sovereign default with nominal rigidities. Increasing spending in a recession reduces unemployment, but exposes the government to a debt crisis.
提供机构：
美国国家经济研究局
创建时间：
2019-09-01
