Browsing by Author "Erce, Aitor"

Sort by: Order: Results:

  • Debt stocks meet gross financing needs: a flow perspective into sustainability
    Gabriele, Carmine; Erce, Aitor; Athanasopoulou, Mariaelena; Rojas, Juan (2017-06)
    It is well known that no single metric can provide reliable cross-country risk assessments of debt sustainability. While approaches to understanding sustainability have traditionally relied heavily on stock metrics, a ...
  • Debt sustainability and the terms of official support
    Corsetti, Giancarlo; Erce, Aitor; Uy, Timothy (2018-05)
    We study theoretically and quantitatively how official lending regimes affect a government's decision to raise saving as opposed to defaulting, and its implication for sovereign bond pricing by investors. We reconsider ...
  • Fiscal multipliers and foreign holdings of public debt
    Broner, Fernando; Clancy, Daragh; Martin, Alberto; Erce, Aitor (2017-12-01)
    This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out ...
  • Fiscal multipliers and foreign holdings of public debt
    Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, Alberto (2021-04)
    This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out ...
  • Fiscal multipliers and foreign holdings of public debt
    Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, Alberto (Oxford University Press, 2022)
    This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out ...
  • Gross capital flows: Dynamics and crises
    Broner, Fernando; Didier, Tatiana; Erce, Aitor; Schmukler, Sergio L. (2010-06-01)
  • Official sector lending strategies during the euro area crisis
    Corsetti, Giancarlo; Erce, Aitor; Uy, Timothy (2017-08)
    In response to the euro area crisis, European policymakers took a gradual, incremental approach to official lending, at first relying on the approach followed by the International Monetary Fund, then developing their own ...
  • Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects
    Broner, Fernando; Erce, Aitor; Martin, Alberto, 1974-; Ventura, Jaume (2013-06-01)