Search
Now showing items 1-3 of 3
Title:Sovereign debt issuance and selective default Author(s):PACZOS, Wojtek
; SHAKHNOV, KirillDate:2016Type:Working PaperSeries/Number:EUI ECO; 2016/04Abstract:We propose a novel theory to explain why sovereigns borrow on both domestic and international markets and why defaults are mostly selective (on either domestic or foreign investors). Domestic debt issuance can only smooth ...
; SHAKHNOV, KirillDate:2016Type:Working PaperSeries/Number:EUI ECO; 2016/04Abstract:We propose a novel theory to explain why sovereigns borrow on both domestic and international markets and why defaults are mostly selective (on either domestic or foreign investors). Domestic debt issuance can only smooth ...
Title:Optimal inflation, average markups and asymmetric sticky prices Author(s):PACZOS, WojtekDate:2016Type:Working PaperSeries/Number:EUI ECO; 2016/03Abstract:In state-of-the-art New Keynesian model firms are monopolistically competitive and prices are sticky. However, the average markup resulting from the monopolistic competition is usually assumed away either by production ...
Date:2016Type:Working PaperSeries/Number:EUI ECO; 2016/03Abstract:In state-of-the-art New Keynesian model firms are monopolistically competitive and prices are sticky. However, the average markup resulting from the monopolistic competition is usually assumed away either by production ...
Title:Essays in international macroeconomics Author(s):PACZOS, WojtekDate:2016Citation:
- Florence : European University Institute, 2016
Type:ThesisSeries/Number:EUI PhD theses; Department of EconomicsAbstract:This thesis studies how frictions shape macroeconomic outcomes and affect policies. The thesis consists of three chapters. The first chapter studies how distortionary taxation and volatile output together with government ...
Date:2016Citation: