Default Costs and Self-fulfilling Fiscal Limits in a Small Open Economy
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More about this item
Keywords
sovereign default; default costs; fiscal limit; multiple equilibria;All these keywords.
JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CWA-2021-03-01 (Central and Western Asia)
- NEP-DGE-2021-03-01 (Dynamic General Equilibrium)
- NEP-MAC-2021-03-01 (Macroeconomics)
- NEP-OPM-2021-03-01 (Open Economy Macroeconomics)
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