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Essays on International Trade and Sovereign Debt
Published 2022“…In the first chapter, I show that existing evidence suggests that sovereign defaults disrupt international trade. As a consequence, countries that are more open have more to lose from a sovereign default and are less inclined to renege on their debt. …”
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Causes and Effects in Macroeconomics: 2011 Nobel Prize Lecture in Economic Sciences
Published 2015-12-01“…While Sargent attempts to use the economic theory to interpret some historical events in order to gain insights on some contemporary issues, such as sovereign defaults, federal bailouts, and the coordination of monetary and fiscal policies, Sims is emphasizing the importance of large-scale economic models and calling for more research to be done in that area.…”
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