Governments around the world embarked on a large fiscal expansion in response to the
GFC and COVID-19 crises, increasing government debt to levels not seen in 75 years. We …

How would the fiscal burden of Euro area (EA) countries have evolved without the issuance
of inflation linked bonds (ILBs)? Could debt management through ILBs have decreased their …

The share of debt denominated in domestic national currency issued by emerging
economies has been rising sharply over time—progress away from the “original sin” of …

This dissertation consists of three chapters on sovereign default. Thematically, they are
linked by their examination of how sovereign risk influences government policy, equilibrium …