Borradores de Economia
Number:
320
Published:
Classification JEL:
E42, E58, F30, F41, G15, H62, H63
Keywords:
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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Fear of oating, a policy taht usually intends to stabilize foreign debt, can destabilize it. The conclusion is drawn with a small open economy model thtis based on the nancial accelerator and that is perturbed to analyze a sudden stop to captial ows. T