Debt Sustainability and the Range of Multiple Equilibria -- by Olivier J. Blanchard, Pedro Martinez-Bruera, Gonzalo Huertas

We would like to thank Julien Maire and Michael Kister for their insights along the way. We would also like to thank Camilo Tovar for valuable comments on an earlier version of this document. The views presented in this paper are those of the authors, and do not represent the position of the National Bureau of Economic Research, the IMF, its Executive Board, or IMF management.