Listar Artículos y otros documentos de investigación por autor "Nicolini, Juan Pablo"

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    • Default and interest rate shocks: Renegotiation matters 

      Nicolini, Juan Pablo; Almeida, Victor; Esquivel, Carlos; Kehoe, Timothy Jerome (Universidad Torcuato Di TellaRutgers University, Department of EconomicsUniversity of Minnesota, 2023)
      We develop a sovereign default model with endogenous re-entry to financial markets via debt renegotiation. We use this model to evaluate how shocks to risk-free interest rates trigger default episodes through two channels: ...

    • Estimating the Welfare Costs of Very High Inflations and Hyperinflations 

      Nicolini, Juan Pablo; Benati, Luca (Universität Bern, 2024)
      We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic’s hyperinflation and three high-inflation countries. Towards the peak of Weimar’s hyperinflation the costs are ...

    • Optimal Cooperative Taxation in the Global Economy 

      Nicolini, Juan Pablo; Chari, V. V.; Teles, Pedro (The University of Chicago Press, 2023)
      How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every ...