Debt Sustainability and the Range of Multiple Equilibria
The paper characterizes how fiscal uncertainty shrinks the range of multiple equilibria in sovereign debt markets, eventually yielding unique interest rates as uncertainty grows.
Featured in No. 136 on 23 Oct 2026 · 1 day after release
- Released
- 22 Oct 2026
- First featured
- No. 136 · 23 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:nbr:nberwo:35850
- Authors
- Olivier J. Blanchard et al.
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