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  2. TYING YOURSELF TO THE MAST: PAINFUL DEBT AS A ...

    https://www.cerf.cam.ac.uk/files/media/niermann_tying_yourself_to_the_mast.pdf
    19 Jun 2024: Most closely related to my work is Conesa &Kehoe (2017) who propose that rising debt levels throughout the Euro-crisis were driven by’gambling for redemption’, where governments in deep recession ... In their model, a country’s decision to

  3. TYING YOURSELF TO THE MAST: PAINFUL DEBT AS A ...

    https://www.cerf.cam.ac.uk/sites/www.cerf.cam.ac.uk/files/media/niermann_tying_yourself_to_the_mast.pdf
    19 Jun 2024: Most closely related to my work is Conesa &Kehoe (2017) who propose that rising debt levels throughout the Euro-crisis were driven by’gambling for redemption’, where governments in deep recession ... In their model, a country’s decision to

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