Alesina, A. ; Ardagna, S. Large Changes in Fiscal Policy: Taxes versus Spending. 2010 Tax Policy and the Economy, National Bureau of Economic Research:
- Alesina, A. ; Barbiero, O. ; Favero, C. ; Giavazzi, F. ; Paradisi, M. Austerity in 2009–2013. 2015 National Bureau of Economic Research: Working Paper 20827
Paper not yet in RePEc: Add citation now
Alesina, A. ; Favero, C. ; Giavazzi, F. The Output Effect of Fiscal Consolidations. 2012 National Bureau of Economic Research: Working Paper 18336
Ang, A. ; Piazzesi, M. A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables. 2003 J. Monet. Econ.. 50 745-787
Arellano, C. Default risk and income fluctuations in emerging economies. 2008 Am. Econ. Rev.. 98 690-712
Arellano, C. ; Bai, Y. Fiscal austerity during debt crises. 2017 Econ. Theory. 64 657-673
Auerbach, A.J. ; Gorodnichenko, Y. Measuring the output responses to fiscal policy. 2012 Am. Econ. J.: Econ. Policy. 4 1-27
- Benjamin, D. ; Wright, M.L.J. Recovery Before Redemption: A Theory of Delays in Sovereign Debt Renegotiations, Working paper. 2013 State University of New York, Buffalo and Federal Reserve Bank of Chicago:
Paper not yet in RePEc: Add citation now
Bi, H. ; Leeper, E.M. ; Leith, C. Uncertain fiscal consolidations. 2013 Econ. J.. 123 F31-F63
Bianchi, J. ; Ottonello, P. ; Presno, I. Fiscal Stimulus Under Sovereign Risk. 2019 National Bureau of Economic Research: Working Paper 26307
Blanchard, O. ; Perotti, R. An empirical characterization of the dynamic effects of changes in government spending and taxes on output. 2002 Quart. J. Econ.. 117 1329-1368
Bocola, L. ; Dovis, A. Self-fulfilling debt crises: a quantitative analysis. 2019 Am. Econ. Rev.. 109 4343-4377
- Born, B. ; Müller, G.J. ; Pfeifer, J. Does Austerity pay off?. 2019 Rev. Econ. Stat.. 0 1-45
Paper not yet in RePEc: Add citation now
Broner, F. ; Clancy, D. ; Martin, A. ; Erce, A. Fiscal Multipliers and Foreign Holdings of Public Debt. 2018 Barcelona Graduate School of Economics: Working Paper 1040
- Cafiso, G. ; Cellini, R. Fiscal consolidations for debt-to-GDP ratio containment? Maybe. but with much care. 2012 :
Paper not yet in RePEc: Add citation now
Chari, V.V. ; Kehoe, P.J. ; McGrattan, E.R. Business cycle accounting. 2007 Econometrica. 75 781-836
Chatterjee, S. ; Eyigungor, B. Maturity, indebtedness, and default risk. 2012 Am. Econ. Rev.. 102 2674-2699
- Corsetti, G. Has Austerity Gone Too Far?. 2012 :
Paper not yet in RePEc: Add citation now
- Cottarelli, C. Fiscal Adjustment: Too Much of a Good Thing? February. 2012 :
Paper not yet in RePEc: Add citation now
Cruces, J.J. ; Trebesch, C. Sovereign defaults: the price of haircuts. 2013 Am. Econ. J.: Macroecon.. 5 85-117
David, A. ; Guajardo, J. ; Yepez, J. The Rewards of Fiscal Consolidation: Sovereign Spreads and Confidence Effects. 2019 International Monetary Fund: Working Paper 19/141
de Córdoba, G.F. ; Pujolas, P.S. ; Torres, J.L. Fiscal discipline and defaults. 2017 Rev. Econ. Dyn.. 24 1-13
Easterly, W. ; Irwin, T. ; Servén, L. Walking up the down escalator. 2008 World Bank Res. Observer. 23 37-56
Easterly, W. ; Servén, L. The Limits of Stabilization: Infrastructure, Public Deficits, and Growth in Latin America. 2003 Stanford University Press: Palo Alto, CA
Eaton, J. ; Gersovitz, M. Debt with potential repudiation: theoretical and empirical analysis. 1981 Rev. Econ. Stud.. 48 289-309
Edwards, S. Sovereign default, debt restructuring, and recovery rates: was the Argentinean “Haircut” excessive?. 2015 Open Econ. Rev.. 26 839-867
Fernandez-Villaverde, J. ; Rubio-Ramirez, J.F. Estimating macroeconomic models: a likelihood approach. 2007 Rev. Econ. Stud.. 74 1059-1087
Fernández, A. ; Guzman, D. ; Lama, R.E. ; Vegh, C.A. Procyclical Fiscal Policy and Asset Market Incompleteness. 2021 National Bureau of Economic Research: Working Paper 29149
Giavazzi, F. ; Pagano, M. Can Severe Fiscal Contractions Be Expansionary?. Tales of Two Small European Countries. 1990 National Bureau of Economic Research: Working Paper 3372
- Gros, D. Can Austerity be Self-Defeating?. November. 2011 :
Paper not yet in RePEc: Add citation now
Guajardo, J. ; Leigh, D. ; Pescatori, A. Expansionary austerity? international evidence. 2014 J. Europ. Econ. Assoc.. 12 949-968
Hatchondo, J.C. ; Martinez, L. Long-duration bonds and sovereign defaults. 2009 J. Int. Econ.. 79 117-125
- Hatchondo, J.C. ; Martinez, L. ; Roch, F. Fiscal Rules and the Sovereign Default Premium, Working Paper. 2017 :
Paper not yet in RePEc: Add citation now
House, C.L. ; Proebsting, C. ; Tesar, L.L. Austerity in the aftermath of the great recession. 2019 J. Monet. Econ.. 115 37-63
Ilzetzki, E. ; Mendoza, E.G. ; Végh, C.A. How big (small?) are fiscal multipliers?. 2013 J. Monet. Econ.. 60 239-254
Izquierdo, A. ; Lama, R.E. ; Medina, J.P. ; Puig, J.P. ; Riera-Crichton, D. ; Vegh, C.A. ; Vuletin, G. Is the Public Investment Multiplier Higher in Developing Countries?. An Empirical Investigation.. 2019 National Bureau of Economic Research: Working Paper 26478
- Krugman, P. The Austerity Delusion. 2015 The Guardian: April
Paper not yet in RePEc: Add citation now
Lane, P.R. The European sovereign debt crisis. 2012 J. Econ. Perspect.. 26 49-68
Longstaff, F.A. ; Pan, J. ; Pedersen, L.H. ; Singleton, K.J. How sovereign is sovereign credit risk?. 2011 Am. Econ. J.: Macroecon.. 3 75-103
Martin, P. ; Philippon, T. Inspecting the mechanism: leverage and the great recession in the eurozone. 2017 Am. Econ. Rev.. 107 1904-1937
Mendoza, E.G. The terms of trade, the real exchange rate, and economic fluctuations. 1995 Int. Econ. Rev.. 36 101-137
Mendoza, E.G. ; Tesar, L.L. ; Zhang, J. Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies. 2014 National Bureau of Economic Research: Working Paper 20200
Mendoza, E.G. ; Yue, V.Z. A general equilibrium model of sovereign default and business cycles. 2012 Quart. J. Econ.. 127 889-946
Miyamoto, W. ; Nguyen, T.L. ; Sergeyev, D. Government spending multipliers under the zero lower bound: evidence from Japan. 2018 Am. Econ. J.: Macroecon.. 10 247-277
Na, S. ; Schmitt-Grohé, S. ; Uribe, M. ; Yue, V. The twin ds: optimal default and devaluation. 2018 Am. Econ. Rev.. 108 1773-1819
Nakamura, E. ; Steinsson, J. Fiscal stimulus in a monetary union: evidence from US regions. 2014 Am. Econ. Rev.. 104 753-792
Ramey, V.A. Ten years after the financial crisis: what have we learned from the renaissance in fiscal research?. 2019 J. Econ. Perspect.. 33 89-114
Ramey, V.A. ; Zubairy, S. Government spending multipliers in good times and in bad: evidence from US historical data. 2018 J. Pol. Econ.. 126 850-901
Roldán, F. The Aggregate-Demand Doom Loop: Precautionary Motives and the Welfare Costs of Sovereign Risk. 2021 Red Nacional de Investigadores en Economía (RedNIE): Working Papers 58
Romer, C.D. ; Romer, D.H. The macroeconomic effects of tax changes: estimates based on a new measure of fiscal shocks. 2010 Am. Econ. Rev.. 100 763-801
Schmitt-Grohé, S. ; Uribe, M. Downward nominal wage rigidity, currency pegs, and involuntary unemployment. 2016 J. Pol. Econ.. 124 1466-1514
- Schmitt-Grohé, S. ; Uribe, M. Open Economy Macroeconomics. 2017 Princeton University Press: New Jersey, US
Paper not yet in RePEc: Add citation now
- Shambaugh, J.C. The Euro’s Three Crises. 2012 Brookings Institution: Working paper
Paper not yet in RePEc: Add citation now
- Wren-Lewis, S. A General Theory of Austerity, Working Paper BSG-WP-2016/014, Blavatnik School of Government. 2016 University of Oxford:
Paper not yet in RePEc: Add citation now
Yue, V.Z. Sovereign default and debt renegotiation. 2010 J. Int. Econ.. 80 176-187