A General Equilibrium Model of Sovereign Default and Business Cycles
收藏NBER2011-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17151
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资源简介：
Emerging markets business cycle models treat default risk as part of an exogenous interest rate on working capital, while sovereign default models treat income fluctuations as an exogenous endowment process with ad-hoc default costs. We propose instead a general equilibrium model of both sovereign
提供机构：
美国国家经济研究局创建时间：
2011-06-01
