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Leading into a debt crisis, interest rate spreads on sovereign debt rise before the economy experiences a decline in productivity, suggesting that news about future economic developments may play an important role in these episodes. In a VAR estimation, a news shock has a larger contemporaneous...
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Sovereign debt crises involve debt restructurings characterized by a mix of face-value haircuts and maturity extensions …
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The wave of sovereign defaults in the early 1980s and the string of debt crises in the decades that followed have …
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crises result in permanent, albeit small, increases in energy efficiency and in the share of renewables in total electricity …
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Does exposure to crises reduce the citizens' trust in a country's president? Are individuals willing to accept fiscal … for understanding how voters' experience with COVID affects their trust in the government and whether crises could be … of crises on trust. …
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