Bergbau, soziale Konflikte und Umweltkatastrophen - seit den 1990er Jahren erlebt Lateinamerika einen historischen Rohstoffboom. Welche Rolle spielen die Betreiber der Minen in den Abbauregionen? Wie schaffen sie Akzeptanz unter der lokalen Bevölkerung? Und welche politischen Auswirkungen zieht...

We study optimal fiscal policy in a small open economy (SOE) with sovereign and private default risk. The SOE's government uses linear taxation to fund exogenous expenditures and uses public debt to inter-temporally allocate tax distortions. We characterize a class of environments in which the...

We study optimal fiscal policy in a small open economy (SOE) with sovereign and private default risk. The SOE's government uses linear taxation to fund exogenous expenditures and uses public debt to inter-temporally allocate tax distortions. We characterize a class of environments in which the...