NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Default Risk, Sectoral Reallocation, and Persistent Recessions

Cristina Arellano, Yan Bai, Gabriel Mihalache

Chapter in NBER book NBER International Seminar on Macroeconomics 2017 (2018), Jeffrey Frankel, Hélène Rey, and Charles Engel, organizers
Conference held June 30-July 1, 2017
Published in May 2018 by Journal of International Economics (Elsevier), volume 112
in NBER Book Series NBER International Seminar on Macroeconomics

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Document Object Identifier (DOI): https://doi.org/10.1016/j.jinteco.2018.01.004

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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