Author/Editor: Axel Schimmelpfennig, Nouriel Roubini, Paolo Manasse.

Release Date:November, 2003

We develop an early-warning model of sovereign debt crises. A country is defined to be in a debt crisis if it is classified as being in default by Standard & Poor's, or if it has access to more...

Author/Editor: Gian Milesi-Ferretti, Nouriel Roubini.

Release Date:July, 1995

The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels more...