Manuel Amador

Governments borrow significant amounts from creditors. For low-income and emerging markets, these debts are associated with frequent crises and defaults. One part of my research focuses on understanding the frictions in these markets, the mechanisms that generate the instability we observe, and policies that may alleviate this instability. Another part focuses on policy design (e.g. tariff policy, social security, and Central Bank communication) when economic agents have incomplete information about their environment.