MIT Dept. of Economics Working Papers Series: Recent submissions

Now showing items 16-18 of 1293

    • Slow Moving Debt Crises 

      Lorenzoni, Guido; Werning, Ivan (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-06-30)
      What circumstances or policies leave sovereign borrowers at the mercy of self-fulfilling increases in interest rates? To answer this question, we study the dynamics of debt and interest rates in a model where default is ...

    • Truth-telling by Third-party Auditors and the Response of Polluting Firms: Experimental Evidence from India 

      Duflo, Esther; Greenstone, Michael; Pande, Rohini; Ryan, Nicholas (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-07-17)
      In many regulated markets, private, third-party auditors are chosen and paid by the firms that they audit, potentially creating a conflict of interest. This paper reports on a two-year field experiment in the Indian state ...

    • The Network Origins of Large Economic Downturns 

      Acemoglu, Daron; Ozdaglar, Asu; Tahbaz-Salehi, Alireza (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-06-30)
      This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of ...