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Expectations-driven liquidity traps : implications for monetary and fiscal policy
Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: June 2019
give rise to persistent liquidity trap episodes. There is no straightforward recipe for enhancing welfare in this economy …
Persistent link: https://www.econbiz.de/10012181947
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Fiscal activism and the zero nominal interest rate bound
Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 49 (2017) 4, pp. 695-732
Persistent link: https://www.econbiz.de/10011946433
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Optimal monetary and fiscal policy with a zero bound on nominal interest rates
Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 45 (2013) 7, pp. 1335-1350
Persistent link: https://www.econbiz.de/10010197463
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The risk-adjusted monetary policy rule
Nakata, Taisuke; Schmidt, Sebastian - 2016 - First draft: July 2016
Persistent link: https://www.econbiz.de/10011578180