Listagem Produção Intelectual em Bases Externas por Título "Sovereign default risk and commitment for fiscal adjustment"

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    • Sovereign default risk and commitment for fiscal adjustment 

      Gonçalves, Carlos Eduardo Soares; Guimarães, Bernardo
      2015-01
      This paper studies fiscal policy in a model of sovereign debt and default A time inconsistency problem arises: since the price of past debt cannot be affected by current fiscal policy and governments cannot credibly commit ...