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Research

  • Business & Regulation
  • Development & Economic Growth

Cheap Talk in Bilateral Trade

A single seller offers one or more goods to a single buyer. The buyer’s values and the seller’s costs are private information.

  • Public Finance
  • Business & Regulation
  • Democracy & Governance
  • Development & Economic Growth

Federal Debt and the Risk of a Fiscal Crisis

High and rising federal debt, combined with concerns about policymakers’ willingness and ability to manage the government’s finances, increase the risk of a fiscal crisis in which investors demand sha