Showing 1 - 10 of 44
Persistent link: https://www.econbiz.de/10001213133
Persistent link: https://www.econbiz.de/10009622483
Persistent link: https://www.econbiz.de/10001149615
Persistent link: https://www.econbiz.de/10001152265
Persistent link: https://www.econbiz.de/10001105729
Persistent link: https://www.econbiz.de/10001224492
Persistent link: https://www.econbiz.de/10001231035
Persistent link: https://www.econbiz.de/10001192568
Persistent link: https://www.econbiz.de/10001194831
We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence can give rise to persistent liquidity trap episodes. Unlike in the case of fundamental-driven liquidity traps, there is no straightforward recipe for mitigating the welfare costs...
Persistent link: https://www.econbiz.de/10012037377