Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?
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This paper examines quantitatively the potential for monetary policy to avoid self-fulfilling sovereign debt crises. We combine a version of the slow-moving debt crisis model proposed by Lorenzoni and Werning (2014) with a standard New Keynesian model. We consider both conventional and
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美国国家经济研究局创建时间：
2015-05-01
