The Pass-Through of Sovereign Risk

By Luigi Bocola. Journal of Political Economy, 2016

377 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/cb30a6ed8405b35cd6fcc9c15e2c7fac5e0f5ecf

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Citations in the corpus

Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises (2016, background): “ar Other similar models of spillover are Bocola (2016) and Ferrante (2015b). An alternative mechanism based on market fragmentation is developed by Garleanu et al. (2015). 1388 Handbook of Macroeconomics”
Bank Exposures and Sovereign Stress Transmission (2017, neutral): “to news that a sovereign default is more likely, as in the model proposed by Bocola (2016).”
In sickness and in debt: The COVID-19 impact on sovereign credit risk (2020, positive): “Increases in sovereign credit risk are demonstrated to have real economic effects, leading to reductions in credit supply ( Adelino and Ferreira, 2016; Bocola, 2016 ) and investment ( Almeida et al., 2017 ) and an increase in corporate credit risk ( Lee et al., 2016; Augustin et al., 2018a ).”
Sovereign debt exposure and the bank lending channel: Impact on credit supply and the real economy (2020, methodology): “This is particularly concerning in this setting given the importance of credit demand in Europe during this period (Bocola, 2016).”
Understanding Inflation as a Joint Monetary-Fiscal Phenomenon (2016, background): “In richer models where default is state dependent and the economic costs of default arise through the impact of default on domestic banks’ balance sheets the set of monetary and fiscal interactions is widened further [Bi, Leeper, and Leith (2015) and Bocola (2016)].”
What is a Sustainable Public Debt (2015, neutral): “There are also some recent studies motivated by the 2008 financial crisis that focus on the interaction between sovereign debt and domestic financial institutions such as Sosa-Padilla (2012), Bocola (2014), Boz, D’Erasmo, and Durdu (2014) and Perez (2015).”
Sovereign defaults and banking crises (2018, background): “Bocola (2016) studies the macroeconomic implications of increased sovereign 92 risk in a model where banks are exposed to government debt.”
Dynamic Prediction Pools: An Investigation of Financial Frictions and Forecasting Performance (2016, positive): “A non-linear model with financial friction may look (and forecast) very much like one without friction in tranquil times, but have very different dynamics when the financial constraints become binding, e.g., Brunnermeier and Sannikov (2014), Dewachter and Wouters (2012), and Bocola (2016).”
Global Waves of Debt: Causes and Consequences (2021, background): “been shown to feed into lower corporate borrowing (Bocola 2016).”