Sovereign default: the role of expectations

DOI10.1016/J.JET.2018.02.006MaRDI QIDQ1753722zbMATH OpenOpenAlexFDO

Authors João Ayres, Gaston Navarro, Juan Pablo Nicolini, Pedro Teles

Publication date 29 May 2018

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10230/27297

zbMATH Keywords

good and bad timesmultiple equilibriasovereign default

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Equilibrium and government commitment
• Gambling for redemption and self-fulfilling debt crises
• Self-Fulfilling Debt Crises

Cited in

(17)

• Early warning systems for sovereign debt crises: The role of heterogeneity
• Income inequality and sovereign default
• Reaching nirvana with a defaultable asset?
• An apocalypse foretold: climate shocks and sovereign defaults
• Birds of a feather: separating spillovers from shocks in sovereign default
• The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures
• A contraction for sovereign debt models
• The revival of target zone modeling
• Sovereign Debt without Default Penalties
• Repudiation and Renegotiation: The Case of Sovereign Debt
• Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
• A general equilibrium model of sovereign default and business cycles
• Risk management for sustainable sovereign debt financing
• Reputation and sovereign default
• Some curious properties of a familiar model of debt and default
• The productivity cost of sovereign default: evidence from the European debt crisis
• Rollover and insolvency risk in sovereign debt pricing: an experimental study

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