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Research literature, 2 records found
Research literature 2 records found  
1.
34 p, 433.9 KB The fiscal theory of the price level in a world of low interest rates / Bassetto, Marco ; Cui, Wei 1970-
A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or "government valuation equation"), which equates the real value of government debt to the present value of fiscal surpluses. [...]
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 ; 125)  
2.
42 p, 570.2 KB Is inflation default? The role of information in debt crises / Bassetto, Marco ; Galli, Carlo
We consider a two-period Bayesian trading game where in each period informed agents decide whether to buy an asset ("government debt") after observing an idiosyncratic signal about the prospects of default. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 59)  

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