University of Minnesota economist Manuel Amador studies what causes less-developed countries to pile on more debt than they can repay, what happens next, and the stakes the…
“This is not a system that seems willing to take short-term sacrifices for long-term gains,” said VV Chari. At a time when economic recovery from the Great Recession is…
Tariffs that change the “global value chain ... break up the manufacturing process,” explained Tim Kehoe. U.S. consumers will notice when they pay higher prices to make up for…
Anmol Bhandari, Serdar Birinci, Ellen McGrattan, and Kurt Gerrard See study the reliability of survey data for research on pass-through businesses activities.
New research from Manuel Amador and his coauthor Mark Aguiar finds that creditor beliefs regarding future borrowing can be self-fulfilling, leading to multiple equilibria with…