We study financial crises in a small open production economy subject to credit constraint and uncertainty on the value of debt repayments. We find that the possibility of reducing the severity of future crises encourages the central planner (CP) to incre
This paper studies how sovereign risk – both fundamental and self-fulfilling – shapes the cyclical b...
A well informed and cautious financial system can improves the welfare outcome of an economy by driv...
We analyze the optimal debt reduction problem in an uncertainty context. The social planner has a fi...
We study financial crises in a small open production economy subject to credit constraint and uncert...
In an open-economy model with collateral constraint, Schmitt-Grohé and Uribe (2016) propose a procyc...
We argue that international lenders take into account that taxes (or subsidies) affect borrowers’inc...
With the aim of testing macroprudential policies’ effectiveness, this research models a rich and op...
In a previous paper (Parra-Polania and Vargas, 2015) we modify the ?nancial constraint of a very sta...
Chapter 1 discusses the optimal fiscal response of a small open economy to business cycle fluctuatio...
Income growth is much more volatile in developing countries than in developed ones. One argument is ...
The three chapters of my dissertation study the effect of access to credit on economic volatility an...
How can governments design policies that alleviate the macroeconomic implications of financial frict...
Treball fi de màster de: Master's Degree in Economics and Finance. Curs 2020-2021Directors: Isaac Ba...
How can governments design policies that alleviate the macroeconomic implications of financial frict...
We study overborrowing and financial crises in an equilibrium model of business cycles and asset pri...
This paper studies how sovereign risk – both fundamental and self-fulfilling – shapes the cyclical b...
A well informed and cautious financial system can improves the welfare outcome of an economy by driv...
We analyze the optimal debt reduction problem in an uncertainty context. The social planner has a fi...
We study financial crises in a small open production economy subject to credit constraint and uncert...
In an open-economy model with collateral constraint, Schmitt-Grohé and Uribe (2016) propose a procyc...
We argue that international lenders take into account that taxes (or subsidies) affect borrowers’inc...
With the aim of testing macroprudential policies’ effectiveness, this research models a rich and op...
In a previous paper (Parra-Polania and Vargas, 2015) we modify the ?nancial constraint of a very sta...
Chapter 1 discusses the optimal fiscal response of a small open economy to business cycle fluctuatio...
Income growth is much more volatile in developing countries than in developed ones. One argument is ...
The three chapters of my dissertation study the effect of access to credit on economic volatility an...
How can governments design policies that alleviate the macroeconomic implications of financial frict...
Treball fi de màster de: Master's Degree in Economics and Finance. Curs 2020-2021Directors: Isaac Ba...
How can governments design policies that alleviate the macroeconomic implications of financial frict...
We study overborrowing and financial crises in an equilibrium model of business cycles and asset pri...
This paper studies how sovereign risk – both fundamental and self-fulfilling – shapes the cyclical b...
A well informed and cautious financial system can improves the welfare outcome of an economy by driv...
We analyze the optimal debt reduction problem in an uncertainty context. The social planner has a fi...
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