NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Default Risk, Sectoral Reallocation, and Persistent Recessions

Cristina Arellano, Yan Bai, Gabriel Mihalache


This chapter is a preliminary draft unless otherwise noted. It may not have been subjected to the formal review process of the NBER. This page will be updated as the chapter is revised.

Chapter in forthcoming NBER book NBER International Seminar on Macroeconomics 2017, Jeffrey Frankel and Hélène Rey, organizers
Conference held June 30-July 1, 2017
Forthcoming from Journal of International Economics (Elsevier)
in NBER Book Series NBER International Seminar on Macroeconomics

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This chapter first appeared as NBER working paper w23835, Default Risk, Sectoral Reallocation, and Persistent Recessions, Cristina Arellano, Yan Bai, Gabriel Mihalache
 
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