Acharya, Viral V.; Rajan, Raghuram G.; Shim, Jack - 2021
the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic and wants to …, the government may engage in more repressive policies to enhance its debt capacity, which only ensures that successor … government had no access to debt. We characterize circumstances in which odious government leads to odious debt and those in …