The goal of the conference is to bring together researchers working on sovereign risk. The topics of the conference are the following: • Theoretical models. Why do countries repay their debts? What are the effects of sovereign risk? • Empirical analysis. What are the costs of default? When...

Macroeconomic theories have traditionally been tested using non-experimental "field" data. However, modern, micro-founded macroeconomic models can also be tested in the laboratory, and researchers have begun to pursue such experimental tests. This June, graduate students specializing in...