Default Risk, Sectoral Reallocation, and Persistent Recessions

Cristina Arellano, Yan Bai & Gabriel Mihalache
Published Date
Copyright 2018
DOI 10.1016/j.jinteco.2018.01.004
CONFERENCE HELD June 30 to July 1, 2017
Book: NBER International Seminar on Macroeconomics 2017
Book organizers: Jeffrey Frankel, Hélène Rey & Charles Engel
PUBLISHER: Journal of International Economics (Elsevier), volume 112
Series: NBER International Seminar on Macroeconomics

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Published From Paper

Default Risk, Sectoral Reallocation, and Persistent Recessions
- Working Paper
Sovereign debt crises are associated with large and persistent declines in economic activity, disproportionately so...

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