Posts Tagged ‘simulation’

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    What If A State Defaulted?

    Nov 21, 10 • 560 Views • Economic Debates, Government, Macroeconomic Measurement, Money and Monetary Policy1 Comment

    What would happen if a state defaulted on its debt? It is unlikely. It has not happened since 1933. But…what if? In a fascinating simulation at The Economist’s Buttonwood Conference, an auspicious group of role players simulates a state debt