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Monetary policy in an estimated open-economy model with imperfect pass-through
Lindé, Jesper - 2004
Persistent link: https://www.econbiz.de/10013424479
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
Persistent link: https://www.econbiz.de/10011332924
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
Persistent link: https://www.econbiz.de/10011317778
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
liquidity trap lasting three years, about half as large as the effect on core GDP. Accordingly, under a standard ad hoc loss …
Persistent link: https://www.econbiz.de/10011294265
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Fiscal stimulus in liquidity traps : conventional or unconventional policies?
Lindé, Jesper; Lemoine, Matthieu - 2020
Persistent link: https://www.econbiz.de/10012504850
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The Costs of Macroprudential Deleveraging in a Liquidity Trap
Chen, Jiaqian - 2020
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012828224
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Fiscal consolidation in an open economy
Erceg, Christoper J.; Lindé, Jesper - 2012
Persistent link: https://www.econbiz.de/10009577822
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Fiscal consolidation in an open economy
Erceg, Christopher J.; Lindé, Jesper - 2012
Persistent link: https://www.econbiz.de/10009559716
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Fiscal Consolidation in an Open Economy
Lindé, Jesper - 2012
This paper uses a New Keynesian DSGE model of a small open economy to compare how the effects of fiscal consolidation differ depending on whether monetary policy is constrained by currency union membership or by the zero lower bound on policy rates. We show that there are important differences...
Persistent link: https://www.econbiz.de/10013106226
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Fiscal Stimulus in Liquidity Traps : Conventional or Unconventional Policies?
Lindé, Jesper; Lemoine, Matthieu - 2022
Recent influential work argue that a gradual increase in the sales tax stimulates economic activity in a liquidity trap … by boosting inflation expectations. Higher public infrastructure investment should also be more expansive in a liquidity … in alternative model environments. We therefore conclude that fiscal policymakers in liquidity traps should consider …
Persistent link: https://www.econbiz.de/10013289892