Slow Moving Debt Crises
收藏NBER2013-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19228
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What circumstances or policies leave sovereign borrowers at the mercy of self-fulfilling increases in interest rates? To answer this question, we study the dynamics of debt and interest rates in a model where default is driven by insolvency. Fiscal deficits and surpluses are subject to shocks but
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美国国家经济研究局创建时间：
2013-07-01
