The Role of Default in Macroeconomics
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More about this item
Keywords
Default; Transversality; Money; Bankruptcy cost; Asset bubbles; Resolution mechanisms;All these keywords.
JEL classification:
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2011-10-01 (Banking)
- NEP-CBA-2011-10-01 (Central Banking)
- NEP-HPE-2011-10-01 (History and Philosophy of Economics)
- NEP-PKE-2011-10-01 (Post Keynesian Economics)
- NEP-RMG-2011-10-01 (Risk Management)
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