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Author: Silvia Ardagna
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We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that the second bailout was not on the Pareto frontier and s...Read more...
Silvia Ardagna and Francesco Caselli
20 March 2012
We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the pr...Read more...
Silvia Ardagna, Francesco Caselli and Timothy Lane
January 2005