External and Public Debt Crises

Cristina Arellano, Andrew Atkeson, Mark Wright

NBER Working Paper No. 21456
Issued in August 2015

---- Acknowledgments ----

We thank Martin Eichenbaum and Jonathan Parker for helpful comments and Aaron Kirkman for excellent research assistance. Wright thanks the National Science Foundation for support under grant SES-1059829. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Chicago, the Federal Reserve Bank of Minneapolis, the Federal Reserve System, or the National Bureau of Economic Research.

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