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Debts, Deficits and Multiple Equilibria: A New Role for ECB Monetary Policy?

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  • Mats Persson

Abstract

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Suggested Citation

  • Mats Persson, 2016. "Debts, Deficits and Multiple Equilibria: A New Role for ECB Monetary Policy?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(01), pages 63-71, April.
    • Handle: RePEc:ces:ifofor:v:17:y:2016:i:01:p:63-71
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    File URL: https://www.ifo.de/DocDL/forum-2016-1-persson-eurozone-march.pdf
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    References listed on IDEAS

    as
    1. Corsetti, Giancarlo & Kuester, Keith & Meier, André & Müller, Gernot J., 2014. "Sovereign risk and belief-driven fluctuations in the euro area," Journal of Monetary Economics, Elsevier, vol. 61(C), pages 53-73.
    2. Harold L. Cole & Timothy J. Kehoe, 2000. "Self-Fulfilling Debt Crises," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 91-116.
    3. Hans-Werner Sinn, 2015. "The Greek Tragedy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(1), pages 5-35, June.
    4. Hans-Werner Sinn, 2015. "The Greek Tragedy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2015(JUNE), pages 5-35, June.
    5. Calvo, Guillermo A, 1988. "Servicing the Public Debt: The Role of Expectations," American Economic Review, American Economic Association, vol. 78(4), pages 647-661, September.
    6. Giancarlo Corsetti & Luca Dedola, 2012. "The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises," Discussion Papers 1424, Centre for Macroeconomics (CFM), revised Aug 2014.
    7. Persson, Mats & Siven, Claes-Henric, 2006. "Incentive and incarceration effects in a general equilibrium model of crime," Journal of Economic Behavior & Organization, Elsevier, vol. 59(2), pages 214-229, February.
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    Cited by:

    1. Kooths, Stefan & Felbermayr, Gabriel, 2020. "Stabilitätspolitik in der Corona-Krise," Kiel Policy Briefs 138, Kiel Institute for the World Economy.

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    More about this item

    Keywords

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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G00 - Financial Economics - - General - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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