On Monday 20 March, CERGE-EI hosted the ADEMU lecture ‘Sovereign Debt and Structural Reforms’, delivered by Italian economist Fabrizio Zilibotti. 

The lecture presented a dynamic theory of sovereign debt and structural reforms with three interacting frictions: limited enforcement, limited commitment, and incomplete markets, which was examined in Professor Zilibotti’s 2016 paper of the same name.

See the slides that were presented during the lecture.

Currently professor of economics at University College London and Stockholm University and chair of the Macroeconomics and Political Economy at the University of Zurich, Professor Zilibotti will take up a position at Yale University in 2017.