Shanghai University of Finance and Economics
Sovereign default, Sovereign debt, Fiscal adjustment, Time inconsistency
Financial state-dependent multipliers, Fisher's debt deflation, Sudden stop crisis, Downward nominal wage rigidity
Sovereign Debt Crisis, Labor Market Slack, Procyclical Fiscal Policy, Fiscal Adjustment.
Sudden Stop, Pecuniary Externality, Local Currency Debt, Time- inconsistency, Capital Control Tax
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