Multiple equilibria - Search Results - UAB Digital Repository of Documents

Search collections:

Sort by:	Display results:	Output format:

Results overview: Found 5 records in 0.02 seconds.
Research literature, 5 records found

Research literature	5 records found

42 p, 760.7 KB

Debt seniority and sovereign debt crises / Ari, Anil ; Corsetti, Giancarlo ; Dedola, Luca
Is the seniority structure of sovereign debt neutral for a government's decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an optimal haircut to bondholders. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2018 (ADEMU Working Paper Series ; 112)

Detailed record -

14 p, 286.1 KB

Sovereign default : the role of expectations / Ayres, João ; Navarro, Gaston ; Nicolini, Juan Pablo ; Teles, Pedro
In the standard model of sovereign default, as in Aguiar and Gopinath (2006) or Arellano (2008), default is driven by fundamentals alone. There is no independent role for expectations. We show that small variations of that model are consistent with multiple interest rate equilibria, similar to the ones found in Calvo (1988). [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2018 (ADEMU Working Paper Series ; 86)

Detailed record -

48 p, 628.2 KB

Macroeconomic fluctuations with HANK & SAM : an analytical approach / Ravn, Morten O. ; Sterk, Vincent
New Keynesian models with unemployment and incomplete markets are rapidly becoming a new workhorse model in macroeconomics. Such models typically require heavy computational methods which may obscure intuition and overlook equilibria. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2016 (ADEMU Working Paper Series ; 31)

Detailed record -

41 p, 586.7 KB

Sovereign default : the role of expectations / Ayres, João ; Navarro, Gaston ; Nicolini, Juan Pablo ; Teles, Pedro
In the standard model of sovereign default, as in Aguiar and Gopinath (2006) or Arellano (2008), default is driven by fundamentals alone. There is no independent role for expectations. We show that small variations of that model are consistent with multiple interest rate equilibria. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2016 (ADEMU Working Paper Series ; 25)

Detailed record -

47 p, 304.5 KB

Growth in a Cross-Section of Cities : Location, Increasing Returns or Random Growth? / González Val, Rafael (Universitat de Barcelona) ; Olmo, Jose (City University London) ; Xarxa de Referència en Economia Aplicada (XREAP)
Xarxa de Referència en Economia Aplicada (XREAP) 2011 (XREAP ; 2011-21)

Detailed record -

Interested in being notified about new results for this query?
Set up a personal email alert or subscribe to the RSS feed.