Fiscal policy and the output costs of sovereign default

Kurzanzeige
dc.contributor.authorDurán, Leyre Gómez-Oliveros
dc.contributor.authorNiemann, Stefan
dc.contributor.authorPichler, Paul
dc.date.accessioned2020-05-11T15:33:41Z
dc.date.available2020-05-11T15:33:41Z
dc.date.issued2020-01-28eng
dc.description.abstractWe introduce fiscal policy into a sovereign debt model with endogenous default costs and examine the implications for the determination of the output costs of default. We find that the quantitative properties of the output costs of default, and their dependence on primitives such as the elasticity of labor supply, are distinctly different depending on the margin of fiscal adjustment. The consideration of fiscal policy thus has potentially important implications for the quantitative properties of models of sovereign debt and default.eng
dc.description.versionpublishedeng
dc.identifier.doi10.1515/bejm-2017-0236eng
dc.identifier.ppn1766008593
dc.identifier.urihttps://kops.uni-konstanz.de/handle/123456789/49480
dc.language.isoengeng
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dc.subjectfiscal policy, output costs of default, sovereign debteng
dc.subject.ddc330eng
dc.titleFiscal policy and the output costs of sovereign defaulteng
dc.typeJOURNAL_ARTICLEeng
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  year={2020},
  doi={10.1515/bejm-2017-0236},
  title={Fiscal policy and the output costs of sovereign default},
  number={1},
  volume={20},
  issn={1555-0486},
  journal={The B.E. Journal of Macroeconomics},
  author={Durán, Leyre Gómez-Oliveros and Niemann, Stefan and Pichler, Paul},
  note={Article Number: 20170236}
}
kops.citation.iso690DURÁN, Leyre Gómez-Oliveros, Stefan NIEMANN, Paul PICHLER, 2020. Fiscal policy and the output costs of sovereign default. In: The B.E. Journal of Macroeconomics. de Gruyter. 2020, 20(1), 20170236. ISSN 1555-0486. eISSN 1935-1690. Available under: doi: 10.1515/bejm-2017-0236deu
kops.citation.iso690DURÁN, Leyre Gómez-Oliveros, Stefan NIEMANN, Paul PICHLER, 2020. Fiscal policy and the output costs of sovereign default. In: The B.E. Journal of Macroeconomics. de Gruyter. 2020, 20(1), 20170236. ISSN 1555-0486. eISSN 1935-1690. Available under: doi: 10.1515/bejm-2017-0236eng
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kops.sourcefield.plainThe B.E. Journal of Macroeconomics. de Gruyter. 2020, 20(1), 20170236. ISSN 1555-0486. eISSN 1935-1690. Available under: doi: 10.1515/bejm-2017-0236eng
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