Results 21 to 30 of about 74,319 (47)

A Seniority Arrangement for Sovereign Debt

open access: yes, 2015
Satyajit Chatterjee, Burcu Eyigungor
semanticscholar   +1 more source

Sustainable Debt Policies of Indian State Governments

open access: yes, 2018
P. S. Renjith   +8 more
semanticscholar   +1 more source
Some of the next articles are maybe not open access.

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Learning about Debt Crises

American Economic Journal: Macroeconomics, 2023
The European debt crisis presents a challenge to our understanding of the relationship between government bond yields and economic fundamentals. I argue that information frictions are an important missing element and support that claim with evidence on ...
Radoslaw Paluszynski
semanticscholar   +1 more source

Central Bank Credibility and Fiscal Responsibility

Social Science Research Network, 2023
We consider a New Keynesian model with strategic monetary and fiscal interactions. The fiscal authority maximizes social welfare. Monetary policy is delegated to a central bank with an anti-inflation bias that suffers from a lack of commitment.
Jesse Schreger   +2 more
semanticscholar   +1 more source

US Treasury Auctions: A High-Frequency Identification of Supply Shocks

American Economic Journal: Macroeconomics
We identify Treasury supply shocks using auction data, interpreting changes in futures prices around announcements as shocks to expected supply. We isolate the component of futures price variations pertaining to US Treasury announcements between 1998 and
Maxime Phillot
semanticscholar   +1 more source

Do SMEs Benefit from Unconventional Monetary Policy and How? Microevidence from the Eurozone

Journal of Money, Credit and Banking, 2018
We study the impact of the announcement of the ECB’s Outright Monetary Transactions Program on small firms’ access to finance using a matched firm-bank dataset from eight Eurozone countries. We find that following the announcement, credit access improved
Annalisa Ferrando   +2 more
semanticscholar   +1 more source

India’s Debt Dilemma: Investigating Threshold, Primary Surplus, and Institutional Quality

Journal of Emerging Market Finance
A steady increase in India’s public debt (PD) during the post-COVID-19 phase, as in many other developing economies, has received significant scholarly attention.
Pratibha S., Krishna Muniyoor
semanticscholar   +1 more source

The Currency Composition of Sovereign Debt

American Economic Journal: Macroeconomics, 2019
We study the currency composition of sovereign debt in emerging economies through the lens of a model in which the government lacks commitment regarding debt and monetary policy.
D. Perez, Pablo Ottonello
semanticscholar   +1 more source

A Goldilocks Theory of Fiscal Deficits

The American Economic Review
We develop a tractable framework for deficit and debt dynamics. A “free lunch” fiscal deficit—one that raises spending without higher future taxes—is sustainable without zero lower bound (ZLB) only when R < G − φ, where φ is the sensitivity of the ...
Atif R. Mian, Ludwig Straub, Amir Sufi
semanticscholar   +1 more source

The Value of Fiscal Capacity in the Face of a Rare Disaster

, 2020
We study stock market reactions to the COVID-19 outbreak around the world. Using individual stock-level data of more than 29,000 firms across more than 100 countries, we find that the stock market expects larger economic losses among countries with ...
F. Gerding, T. Martin, Florian Nagler
semanticscholar   +1 more source

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