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dc.rights.licensehttps://repositorio.utdt.edu/static/license/license-utdt.pdf
dc.contributor.advisorUniversidad Torcuato Di Tella
dc.contributor.authorGutkowski, Violeta A.
dc.coverage.spatialEuropaes_AR
dc.date.accessioned2017-04-03T19:57:42Z
dc.date.available2017-04-03T19:57:42Z
dc.date.issued2016
dc.date.submitted2016
dc.identifier.urihttps://repositorio.utdt.edu/handle/20.500.13098/2330
dc.description.abstractMotivated by the striking increase in sovereign spreads and the subsequent recession in Europe during 2011, I examine the importance of sovereign debt liquidity in a New Keynesian environment with wage rigidities and nancial frictions a la Kiyotaki and Moore (2012). My main ndings imply that, independently of credit risk, a decrease in the liquidity of government bonds has signi cant detrimental e ects on output, employment, investment, and equity prices. Therefore, this framework suggests that ECB policies taken in 2012 aimed at introducing liquidity seem to be the desired measures, at least temporally until conventional monetary policy became e ective again.es_AR
dc.format.mediumapplication/pdf
dc.languageeng
dc.publisherUniversidad Torcuato Di Tella
dc.rightsinfo:eu-repo/semantics/openAccesses_AR
dc.subjectRecesión -- 2012 -- Europa
dc.subjectDeuda pública -- 2012 -- Europa
dc.subjectTesis
dc.titleSovereign illiquidity and recessions
dc.typeinfo:eu-repo/semantics/masterThesises_AR
UTDT.coverage.SpatialIdTgn1000003
UTDT.coverage.SpatialEngTgnEurope
UTDT.rights.PDF
UTDT.rights.AUT
UTDT.source.signaturaTESIS DIGITAL
UTDT.source.idn000072171
thesis.degree.nameMaestría en Economía
thesis.degree.level1es_AR
thesis.degree.grantorUniversidad Torcuato Di Tella. Departamento de Economía
dc.audienceResearchers
dc.audienceStudents
dc.audienceTeachers
dc.type.versioninfo:eu-repo/semantics/acceptedVersiones_AR
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