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Exploring The Role of Limited Commitment Constraints in Argentina's "Missing Capital"

Marek Kapička, Finn Kydland, Carlos Zarazaga

NBER Working Paper No. 26359
Issued in October 2019, Revised in January 2020

---- Acknowledgments ----

We are grateful to Manuel Amador, Federico Guerrero, Andrew Foerster, Grey Gordon, Sewon Hur, Fernando Leibovici, Rodolfo Manuelli, Andrés Neumeyer, Ignacio Presno, Erick Sager, Anna Sokolova, Mehmet Tosun, Mark Wynne, participants at the 2019 meeting of the Society for Economic Dynamics, at the 2019 Federal Reserve System Committee Meeting on International Economic Analysis at the Federal Reserve Bank of Cleveland, and seminar participants at the University of Nevada at Reno, for useful and constructive comments on an earlier version of this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Dallas, of the Federal Reserve System, or of the National Bureau of Economic Research.

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