Inflation-default trade-off without a nominal anchor: The case of Greece
Sign Up to like & getrecommendations! Published in 2020 at "Review of Economic Dynamics"
DOI: 10.1016/j.red.2020.05.002
Abstract: Abstract We investigate the debt sustainability implications of leaving a currency union in the context of the Grexit phenomenon. Using a common currency debt specification that is calibrated to the 2001-2010 episode of the Greek… read more here.
Keywords: debt; drachma debt; premium; inflation ... See more keywords