S633, Social & Behavioral Sciences, Stony Brook, NY 11794
My name is Gabriel, I study topics in International Macroeconomics. My work centers around the consequences of sovereign default risk for the maturity structure of public debt, sectoral reallocation, capital accumulation, and fiscal-monetary interactions. I am an Assistant Professor of Economics at Stony Brook University since 2018. I received my PhD in 2016 from the University of Rochester. I am Romanian, this is how you pronounce my last name.
News: An updated version of "Bargaining over Taxes and Entitlements" is available, with Marina Azzimonti and Laura Karpuska, previously circulated under the title "Bargaining over Mandatory Spending and Entitlements".
We revisit the question of nominal sovereign debt sustainability in a setting with "slow-moving" debt crises and "fiscal fatigue," as in Lorenzoni-Werning (2019, AER), when bonds and CDSs are priced using a stochastic discount factor consistent with evidence on risk- and term-premia. We characterize the resulting term structure of default risk and reassess the scope for equilibrium multiplicity in generating crises.
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