19.3 Πολλαπλά Σημεία Ισορροπίας στο Κόστος του Δημόσιου Χρέους και Εμπιστοσύνη

Βιβλιογραφία

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Canzoneri M., Collard F., Dellas H., Diba B. (2012) Fiscal Multipliers in Recessions, Discussion Papers, Department of Economics 12-04, Bern: University Bern.

Codogno L., Favero C., Missale A. (2003) Yield Spreads on EMU Government Bonds, Economic Policy, October: 503–32.

Corsetti G.C. (2012) Has Austerity gone too far? VoxEU.org, 2 April.

Corsetti G.C., Dedola L. (2011) Fiscal Crises, Confidence and Default. A Bare-bones Model with Lessons for the euro Area, unpublished, Cambridge.

De Grauwe P. (2011) The Governance of a Fragile Eurozone, Economic Policy, CEPS Working Documents, May.

De Grauwe P., Ji Y. (2012) Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone, CEPS Working Documents.

Eichengreen B., Hausmann R., Panizza U. (2005) The Pain of Original Sin, in Eichengreen B. and Hausmann R., Other people’s money: Debt denomination and financial instability in emerging market economies, Chicago University Press.

Faini R. (2006) Fiscal policy and interest rates in Europe, Economic Policy, Vol. 21, Issue 47, 443-489.

Geyer A., Kossmeier S., Pichler S. (2004) Measuring systematic risk in EMU government yield spreads, Review of Finance, 8(2), 171-197.

Gomez-Puig M. (2006) Size matters for liquidity: spreads, Economics Letters, 90, 156–62.

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Hallerberg M., Wolff G.B. (2008) Fiscal institutions, fiscal policy and sovereign risk in EMU, Public Choice, 136(3-4), 379-396.

IMF (2010) Recovery, Risk and Rebalancing, IMF World Economic and Financial Surveys, World Economic Outlook, October.

Longstaff F., Pan J., Pedersen L., Singleton K. (2011) How Sovereign is Sovereign Credit Risk, American Economic Journal: Macroeconomics, 3(2), 75-103.

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Further Reading List

Awadzi E.A. (2015) Designing Legal Frameworks for Public Debt Management, WP/15/147, IMF.

Blommestein H.J., Turner P. (2012) Interactions Between Sovereign Debt Management and Monetary Policy Under Fiscal Dominance and Financial Instability, Working Paper No.03, Sovereign borrowing & Public debt management, OECD.

Eberhardt M., Presbitero A.F. (2013) Public debt and economic growth: There is no ‘tipping point’, VOX.

Giavazzi F., Pagano M. (1989) Confidence Crises and Public Debt Management, CEPR Discussion Papers 318, C.E.P.R. Discussion Papers.

Panizza U., Presbitero F.A. (2012) Is high public debt harmful for economic growth? VOX.