Default Risk, Sectoral Reallocation, and Persistent Recessions
Published Date
Copyright 2018
DOI 10.1016/j.jinteco.2018.01.004
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Copy CitationCristina Arellano, Yan Bai, and Gabriel Mihalache, NBER International Seminar on Macroeconomics 2017 (Journal of International Economics (Elsevier), volume 112, 2017), chap. 2, https://www.nber.org/books-and-chapters/nber-international-seminar-macroeconomics-2017/default-risk-sectoral-reallocation-and-persistent-recessions.
Published From Paper
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Working Paper
Sovereign debt crises are associated with large and persistent declines in economic activity, disproportionately so...