gabrielgggg / SimpleSlowMoving

Simple slow-moving debt crisis.

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SimpleSlowMoving

Simple slow-moving debt crisis model like (Gosh et al. 2013 EJ) or (Lorenzoni Werning 2019 AER) with

  • "fiscal fatigue" primary surplus fiscal rule (sigmoid function)
  • endogenous default and yields
  • constant recovery rate, with upper limit on recovery level

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Simple slow-moving debt crisis.

License:BSD 2-Clause "Simplified" License


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Language:MATLAB 100.0%