Results 21 to 30 of about 74,319 (47)
A Seniority Arrangement for Sovereign Debt
Satyajit Chatterjee, Burcu Eyigungor
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Sustainable Debt Policies of Indian State Governments
P. S. Renjith +8 more
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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
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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
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Central Bank Credibility and Fiscal Responsibility
Social Science Research Network, 2023We 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
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US Treasury Auctions: A High-Frequency Identification of Supply Shocks
American Economic Journal: MacroeconomicsWe 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
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Do SMEs Benefit from Unconventional Monetary Policy and How? Microevidence from the Eurozone
Journal of Money, Credit and Banking, 2018We 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
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India’s Debt Dilemma: Investigating Threshold, Primary Surplus, and Institutional Quality
Journal of Emerging Market FinanceA 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
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The Currency Composition of Sovereign Debt
American Economic Journal: Macroeconomics, 2019We 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
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A Goldilocks Theory of Fiscal Deficits
The American Economic ReviewWe 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
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The Value of Fiscal Capacity in the Face of a Rare Disaster
, 2020We 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
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