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-creditor coordination problems, provided that all parties have complete information about each other's preferences. In such a world … agreement are private information to the debtor and its creditors. In this case, the inefficiencies induced by strategic …
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Die vorliegende Arbeit beschäftigt sich mit Schuldenverhandlungen von Entwicklungsländern, die in unterschiedlicher Art und Weise einer Vermittlung unterliegen. Ausgehend von dem Indonesischen Schuldenabkommen von 1970, das durch H. J. Abs vermittelt wurde, wird der Schritt zur Spieltheorie...
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We analyze the effects of government spending in a New-Keynesian model with search and matching frictions featuring endogenous growth through learning-by-doing and skill loss from long-term unemployment. We show that medium-run and long-run output and unemployment multipliers are much larger...
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