Runs versus Lemons: Information Disclosure and Fiscal Capacity
NBER Working Paper No. 21201
---- Acknowledgments ----
We thank Andres Almazan, Willie Fuchs, Guido Lorenzoni, Alp Simsek, Harald Uhlig and Wei Xiong, as well as participants in seminars at MIT, NYU, Minneapolis Fed, Stanford, UT-Austin, the NBER Summer Institute, the Wharton Conference on Liquidity and Financial Crises, the AEA Annual Meeting 2015, the 11th Cowles Conference on General Equilibrium and its Applications, and the Nemmers Prize Conference on Liquidity, Bubbles and Crises in honor of Jean Tirole. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.