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UNIQUE MARKOV EQUILIBRIUM UNDER LIMITED COMMITMENT

Bloise, Gaetano - In: International Economic Review 61 (2020) 2, pp. 721-751

Persistent link: https://www.econbiz.de/10012191313

Sustainable debt

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, Y. - In: Theoretical Economics 16 (2021) 4, pp. 1513-1555

We show that debt is sustainable at a competitive equilibrium based solely on the reputation for repayment; that is, even without collateral or legal sanctions available to creditors. In an incomplete asset market, when the rate of interest falls recurrently below the rate of growth of the...

Persistent link: https://www.econbiz.de/10013189073

An obtrusive remark on capital and comparative statics

Bloise, Gaetano; Reichlin, Pietro - In: Metroeconomica : international review of economics 60 (2009) 1, pp. 54-76

Persistent link: https://www.econbiz.de/10003805479

A characterization of inefficiency in stochastic overlapping generations economies

Bloise, Gaetano; Calciano, Filippo L. - In: Journal of economic theory 143 (2008) 1, pp. 442-468

Persistent link: https://www.econbiz.de/10003812190

Indeterminacy of competitive equilibrium with risk of default

Bloise, Gaetano; Reichlin, Pietro; Tirelli, Mario - 2009

Persistent link: https://www.econbiz.de/10003902913

Asset prices, debt constraints and inefficiency

Bloise, Gaetano; Reichlin, Pietro - 2008

Persistent link: https://www.econbiz.de/10003704641

Asset prices, debt constraints and inefficiency

Bloise, Gaetano; Reichlin, Pietro - In: Journal of economic theory 146 (2011) 4, pp. 1520-1546

Persistent link: https://www.econbiz.de/10009261977

Fragility of competitive equilibrium with risk of default

Bloise, Gaetano; Reichlin, Pietro; Tirelli, Mario - In: Review of economic dynamics 16 (2013) 2, pp. 271-295

Persistent link: https://www.econbiz.de/10009746909

An argument for positive nominal interest

Bloise, Gaetano; Polemarchakis, Heraklis M. - 2015

Persistent link: https://www.econbiz.de/10011441657

Sovereign debt and incentives to default with uninsurable risks

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, … - 2016

Persistent link: https://www.econbiz.de/10011441974

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