Enrique G Mendoza
Biographic Data
| ID | 1173147 |
|---|---|
| NAME | Enrique G Mendoza |
| GIVEN NAMES | Enrique G |
| FAMILY NAME | Mendoza |
| SIGNATURE | MENDOZA E G |
| AFFILIATIONS | National Bureau of Economic Research |
| VERIFIED | No |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 60 |
| AUTHOR COUNT | 8 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1997 |
| LATEST PUBLICATION YEAR | 2017 |
| H-INDEX | 5 |
Optimal Time-Consistent Macroprudential Policy
Collateral constraints widely used in models of financial crises feature a pecuniary externality: Agents do not internalize how borrowing decisions made in “good times” affect collateral prices during a crisis. We show that under commitment the optimal financial regulator’s plans are time inconsistent and study time-consistent policy. Quantitatively, this policy reduces sharply the frequency and magnitude of crises, removes fat tails from the dis…
How big (small?) are fiscal multipliers?
Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
How high can public debt rise without compromising fiscal solvency? We answer this question using a stochastic model of sovereign default in which risk-neutral investors lend to a government that displays ‘fiscal fatigue’, whereby its ability to increase primary balances cannot keep pace with rising debt. As a result, the government faces an endogenous debt limit beyond which debt cannot be rolled over. Using data for 23 advanced economies over t…
A General Equilibrium Model of Sovereign Default and Business Cycles
Journal Article A General Equilibrium Model of Sovereign Default and Business Cycles Get access Enrique G. Mendoza, Enrique G. Mendoza Search for other works by this author on: Oxford Academic Google Scholar Vivian Z. Yue Vivian Z. Yue Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 127, Issue 2, May 2012, Pages 889-946, https://doi.org/10.1093/qje/qjs009 Published: 16 April 2012
New perspectives on financial globalization
Financial Integration, Financial Development, and Global Imbalances
Global financial imbalances can result from financial integration when countries differ in financial markets development. Countries with more advanced financial markets accumulate foreign liabilities in a gradual, long-lasting process. Differences in financial development also affect the composition of foreign portfolios: countries with negative net foreign asset positions maintain positive net holdings of nondiversifiable equity and foreign dire…
Precautionary demand for foreign assets in Sudden Stop economies: An assessment of the New Mercantilism
Terms-of-trade uncertainty and economic growth
Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
How high can public debt rise without compromising fiscal solvency? We answer this question using a stochastic model of sovereign default in which risk-neutral investors lend to a government that displays ‘fiscal fatigue’, whereby its ability to increase primary balances cannot keep pace with rising debt. As a result, the government faces an endogenous debt limit beyond which debt cannot be rolled over. Using data for 23 advanced economies over t…
Financial Integration, Financial Development, and Global Imbalances
Global financial imbalances can result from financial integration when countries differ in financial markets development. Countries with more advanced financial markets accumulate foreign liabilities in a gradual, long-lasting process. Differences in financial development also affect the composition of foreign portfolios: countries with negative net foreign asset positions maintain positive net holdings of nondiversifiable equity and foreign dire…
A General Equilibrium Model of Sovereign Default and Business Cycles
Journal Article A General Equilibrium Model of Sovereign Default and Business Cycles Get access Enrique G. Mendoza, Enrique G. Mendoza Search for other works by this author on: Oxford Academic Google Scholar Vivian Z. Yue Vivian Z. Yue Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 127, Issue 2, May 2012, Pages 889-946, https://doi.org/10.1093/qje/qjs009 Published: 16 April 2012
Terms-of-trade uncertainty and economic growth
Precautionary demand for foreign assets in Sudden Stop economies: An assessment of the New Mercantilism
Optimal Time-Consistent Macroprudential Policy
Collateral constraints widely used in models of financial crises feature a pecuniary externality: Agents do not internalize how borrowing decisions made in “good times” affect collateral prices during a crisis. We show that under commitment the optimal financial regulator’s plans are time inconsistent and study time-consistent policy. Quantitatively, this policy reduces sharply the frequency and magnitude of crises, removes fat tails from the dis…
Terms-of-trade uncertainty and economic growth
Precautionary demand for foreign assets in Sudden Stop economies: An assessment of the New Mercantilism
New perspectives on financial globalization
Financial Integration, Financial Development, and Global Imbalances
Global financial imbalances can result from financial integration when countries differ in financial markets development. Countries with more advanced financial markets accumulate foreign liabilities in a gradual, long-lasting process. Differences in financial development also affect the composition of foreign portfolios: countries with negative net foreign asset positions maintain positive net holdings of nondiversifiable equity and foreign dire…
A General Equilibrium Model of Sovereign Default and Business Cycles
Journal Article A General Equilibrium Model of Sovereign Default and Business Cycles Get access Enrique G. Mendoza, Enrique G. Mendoza Search for other works by this author on: Oxford Academic Google Scholar Vivian Z. Yue Vivian Z. Yue Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 127, Issue 2, May 2012, Pages 889-946, https://doi.org/10.1093/qje/qjs009 Published: 16 April 2012
How big (small?) are fiscal multipliers?
Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
How high can public debt rise without compromising fiscal solvency? We answer this question using a stochastic model of sovereign default in which risk-neutral investors lend to a government that displays ‘fiscal fatigue’, whereby its ability to increase primary balances cannot keep pace with rising debt. As a result, the government faces an endogenous debt limit beyond which debt cannot be rolled over. Using data for 23 advanced economies over t…
Optimal Time-Consistent Macroprudential Policy
Collateral constraints widely used in models of financial crises feature a pecuniary externality: Agents do not internalize how borrowing decisions made in “good times” affect collateral prices during a crisis. We show that under commitment the optimal financial regulator’s plans are time inconsistent and study time-consistent policy. Quantitatively, this policy reduces sharply the frequency and magnitude of crises, removes fat tails from the dis…
Economics (7 works) · Global Financial Crisis and Policies (6 works) · Macroeconomics (5 works) · Monetary Policy and Economic Impact (5 works) · Debt (4 works) · Monetary economics (4 works) · Banking stability, regulation, efficiency (3 works) · Finance (3 works) · Market economy (3 works) · Welfare (3 works)