Sovereign Debt

Browse by topic: Financial Crises and Macroprudential Policy · International Reserves · Banking · Monetary Policy · Sovereign Debt · Geoeconomics · Heterogeneous Agents
How Small is Small? Non-linearities in Heterogeneous Agent Models
How Small is Small? Non-linearities in Heterogeneous Agent Models
with Greg Kaplan — May 2026
[Paper] [Thread]
International Reserve Management under Rollover Crises
International Reserve Management under Rollover Crises
with Mauricio Barbosa-Alves and César Sosa-Padilla — February 2025
Quarterly Journal of Economics, 2026
[Paper][Slides][Journal link][Policy highlights] [Thread]
On Wars, Sanctions and Sovereign Default
On Wars, Sanctions and Sovereign Default
with César Sosa-Padilla (2023)
Journal of Monetary Economics, Carnegie-Rochester-NYU 100th Conference
[Paper] [Journal link] [Thread]
Fiscal Stimulus under Sovereign Risk
Fiscal Stimulus under Sovereign Risk
with Pablo Ottonello and Ignacio Presno (2023)
Journal of Political Economy
[Paper][Journal link]
Policy Coverage: IMF Fiscal Monitor
Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk
Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk
with César Sosa-Padilla (2023)
Review of Economic Studies
[Paper] [Journal link] [Thread]
Monetary Independence and Rollover Crises
Monetary Independence and Rollover Crises
with Jorge Mondragón (2022)
Quarterly Journal of Economics
[Paper][Slides][Journal link]
International Reserves and Rollover Risk
International Reserves and Rollover Risk
with Juan Carlos Hatchondo and Leonardo Martinez (2018)
American Economic Review
[Paper][Journal link]
One Money, Many Debts: Monetary Credibility and Self-Fulfilling Sovereign Risk in a Monetary Union
One Money, Many Debts: Monetary Credibility and Self-Fulfilling Sovereign Risk in a Monetary Union
with Carlos Bolívar