...an important policy report, & 4 working papers. Also many eEvents, including a fantastic D-DebtCon, a couple of newspaper articles (thanks
@lucianocapone) & several
@voxeu columns (thanks
@BaldwinRE), plus a super
@cepr_org Geneva Report which just came out....
2/n
So, first of all. Thanks to
@CEPR @IHED @CFD_IHEID @DevPolJournal for providing a supportive environment in a very difficult period and...
3/n
...to all friends and co-authors in these projects (@Yi_HEID
@M_Pagano_Econ Mitu Gulati,
@ricardo_hausman Ed. Fernandez Arias
@SFGaliani @SimeonDjankov P. Bolton
@pogourinchas Lee Buchheit, Chang-Tai Hsieh
@bweder @AGelpern @taddei76 ).
A brief description follows...
4/n
In "Local Crowding‐Out in China" (joint with
@Yi_HEID &
@M_Pagano_Econ),which just came out in
@JofFinance , we show that local public debt crowded out the investment of Chinese private firms.
5/n
https://t.co/ecNwHkmC9d
In "The Hausmann–Gorky Effect" (joint with Mitu Gulati), published in
@JBusinessEthics , we study what
@ricardo_hausman called The Hunger Bond (also a precendent attributed to Maxim Gorky)
6/n
https://t.co/XNHVyGbmaI
In "Smart Development Banks" (joint with
@ricardo_hausman & Eduardo Fernandez Arias), published in Journal of Industry, Competition, and Trade, we discuss a potential new role for development banks.
7/n
https://t.co/4OGFhtsOD4
In "Alternative Solutions to the Odious Debt Problem" (with Mitu Gulati", published In the Annals of the Fondazione Einaudi
@EinaudiOnlus , we review the lit. on odious debt and discuss 2 proposals that could address OD using domestic legal principles.
8/n
https://t.co/9txLfSGxP4
In "When Governments Promise to Prioritize Public Debt: Do Markets Care? (with M. Gulati,
@mweidemaier & G. Willingham), published in
@JFinReg , we check whether constitutional commitments to honor public debt reduce borrowing costs
9/n
https://t.co/3iU3hxGph7
In "Come risolvere il problema del debito pubblico italiano: un’analisi critica delle soluzioni facili." published in the Rivista di Politica Economica (thanks
@GiampaoloGalli) I discuss Italian public debt
10/n
https://t.co/YwQawX50pb
.@cepr_org eBook "Publishing and evaluating success in economics" (with
@SFGaliani) concludes that there is still work to be done to make economics more open and inclusive and the publication process fairer and more efficient.
11/n
https://t.co/ps4jpewO5H
.@cepr_org
@DevPolJournal eBook "COVID-19 in developing economies" (with
@SimeonDjankov) summarizes ongoing research on the impact of Covid in developing and emerging markets
12/n
https://t.co/qUyfylqKEu
.
@cepr_org Policy Insight "Born Out of Necessity: A Debt Standstill for COVID-19" (with P. Bolton L. Buchheit,
@pogourinchas CT Hsieh, M. Gulati &
@bweder) presents a mechanism to implement a debt standstill for Covid-19
13/n
https://t.co/T3A7z0fJdp
In Fiscal Risk and its Drivers An Empirical Analysis, I describe and quantify fiscal risk in advanced and developing economies
14/n
https://t.co/avjVMqgJpL
In "Legal Air Cover" (with P. Bolton and M. Gulati) we seth forth some options to provide temporary legal protection to countries that can't service their debts
15/n
https://t.co/LeF5vfXLW1
In "Local Currency Denominated Sovereign Loans - A Portfolio Approach to Tackle Moral Hazard and Provide Insurance" (with
@taddei76 ) we study how the currency composition of public debt affects debt sustainability in developing countries
16/n
In "Make-Wholes in Sovereign Bonds (Not sure why they are there, but they may be free)" (with Mitu Gulati) we study the strange case of make-whole calls in sovereign bond contracts
https://t.co/QdBpDrAtnZ 17/n
Finally, please check out all the fantastic material in the D-DebtCon site co-organized with the always fantastic
@AGelpern (and many others, but she is the true driving force of DebtCon).
18/18
https://t.co/pBwW7fNB9N
I fogot to link the paper with
@taddei76 Here it goes
https://t.co/HdKVYZB1nw
