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Tax Revolts and Sovereign Defaults. (2024). Werquin, Nicolas ; Arce, Fernando ; Morgan, Jan.
In: Working Paper Series.
RePEc:fip:fedhwp:98008.

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  7. A Data Sources Data for revolt risk : We follow the empirical literature on sovereign debt and political risk (Cruces and Trebesch (2013), Trebesch (2019)), where they measure political risk using the International Country Risk Guide (ICRG) compiled by the PRS group. This data is available at the monthly frequency for 142 countries from Jan-1984 to Feb-2023. In all our calculations we use a transformed version of the index from one to one hundred where a higher value is is associated with higher political risk25 .
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  16. Cruces, Juan J and Christoph Trebesch, “Sovereign defaults: The price of haircuts,” American economic Journal: macroeconomics, 2013, 5 (3), 85–117.
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  17. David, Antonio C, Jaime Guajardo, and Juan F Yépez, “The rewards of fiscal consolidations: Sovereign spreads and confidence effects,” Journal of International Money and Finance, 2022, 123, 102602.

  18. Dovis, Alessandro, Mikhail Golosov, and Ali Shourideh, “Political Economy of Sovereign Debt: A Theory of Cycles of Populism and Austerity,” Working Paper 21948, National Bureau of Economic Research January 2016.
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  19. Dvorkin, Maximiliano, Juan M Sánchez, Horacio Sapriza, and Emircan Yurdagul, “Sovereign debt restructurings,” American Economic Journal: Macroeconomics, 2021, 13 (2), 26–77.
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  20. Eaton, Jonathan and Mark Gersovitz, “Debt with potential repudiation: Theoretical and empirical analysis,” The Review of Economic Studies, 1981, 48 (2), 289–309.
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  23. Hatchondo, Juan Carlos and Leonardo Martinez, “Long-duration bonds and sovereign defaults,” Journal of international Economics, 2009, 79 (1), 117–125.
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  24. Heathcote, Jonathan, Kjetil Storesletten, and Giovanni L Violante, “Optimal tax progressivity: An analytical framework,” The Quarterly Journal of Economics, 2017, 132 (4), 1693–1754.
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  26. Madestam, Andreas, Daniel Shoag, Stan Veuger, and David Yanagizawa-Drott, “Do political protests matter? Evidence from the tea party movement,” The Quarterly Journal of Economics, 2013, 128 (4), 1633–1686.
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  27. Morelli, Juan M and Matias Moretti, “Information frictions, reputation, and sovereign spreads,” Journal of Political Economy, 2023, 131 (11), 3066–3102.
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  28. Scheuer, Florian and Alexander Wolitzky, “Capital Taxation under Political Constraints, ” American Economic Review, August 2016, 106 (8), 2304–28.
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  29. Scholl, Almuth, “The dynamics of sovereign default risk and political turnover,” Journal of International Economics, 2017, 108, 37–53.
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  30. Trebesch, Christoph, “Resolving sovereign debt crises: the role of political risk,” Oxford Economic Papers, 2019, 71 (2), 421–444.
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Cocites

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    In: The Journal of Economic Asymmetries.
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  2. Can fiscal consolidations announcements help anchor inflation expectations?. (2025). Pienknagura, Samuel ; David, Antonio ; Ypez, Juan F.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:151:y:2025:i:c:s0261560624002341.

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  3. Tax Revolts and Sovereign Defaults. (2024). Werquin, Nicolas ; Arce, Fernando ; Morgan, Jan.
    In: Working Paper Series.
    RePEc:fip:fedhwp:98008.

    Full description at Econpapers || Download paper

  4. Fiscal policy in times of fiscal stress (or what to do when r > g). (2024). Hollander, Hylton ; Havemann, Roy.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:46:y:2024:i:5:p:1020-1054.

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  5. The return of expansionary austerity: Firms investment response to fiscal adjustments in emerging markets. (2024). Pienknagura, Samuel ; Magud, Nicolas.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:143:y:2024:i:c:s0261560624000597.

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  6. A direct approach to Kilian–Lewis style counterfactual analysis in vector autoregression models. (2023). Chen, Shiusheng.
    In: Journal of Applied Econometrics.
    RePEc:wly:japmet:v:38:y:2023:i:7:p:1068-1076.

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  7. Expansionary Austerity in Europe: Finally an Oxymoron?. (2023). SAU, Lino ; Fontana, Olimpia.
    In: Department of Economics and Statistics Cognetti de Martiis. Working Papers.
    RePEc:uto:dipeco:202317.

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  8. Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design. (2023). Selim, Hoda ; Kim, Yujin ; Balasundharam, Vybhavi ; Basdevant, Olivier ; Benicio, Dalmacio.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2023/063.

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  9. Sovereign Spreads and Corporate Taxation. (2022). Pallan, Hayley.
    In: IHEID Working Papers.
    RePEc:gii:giihei:heidwp15-2022.

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  10. Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications. (2020). Zubairy, Sarah ; Bi, Huixin.
    In: Research Working Paper.
    RePEc:fip:fedkrw:88577.

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  11. Fiscal Consolidations and Informality in Latin America and the Caribbean. (2020). Lemaire, Thibault.
    In: Working papers.
    RePEc:bfr:banfra:764.

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