Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises
NBER Working Paper No. 19516
---- Acknowledgements ----
We thank Marios Angeletos, Fernando Broner, Hal Cole, Tim Kehoe, Juan Pablo Nicolini, Chris Phelan, Vincenzo Quadrini, Ken Rogoff and Ivan Werning for helpful comments. Manuel Amador acknowledges NSF support under award number 0952816. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.