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Outside versus Inside Bonds
Berentsen, Aleksander; Waller, Christopher J. - 2020
When agents are liquidity constrained, two options exist - borrow or sell assets. We compare the welfare properties of these options in two economies: in one, agents can borrow (issue inside bonds) and in the other they can sell government bonds (outside bonds). All transactions are voluntary,...
Persistent link: https://www.econbiz.de/10014218010
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Bernanke's no-arbitrage argument revisited : can open market operations in real assets eliminate the liquidity trap?
Eggertsson, Gauti B.; Proulx, Kevin - 2016
Persistent link: https://www.econbiz.de/10011490309
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Forecasting term structure of the Japanese bond yields in the presence of a liquidity trap
Tsui, Albert K.; Wu, Junxiang; Zhang, Zhaoyong; Zheng, … - In: Journal of forecasting 42 (2023) 5, pp. 1205-1227
Persistent link: https://www.econbiz.de/10014338847
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Three liquid assets
Amendola, Nicola; Carbonari, Lorenzo; Ferraris, Leo - In: Macroeconomic dynamics 28 (2024) 3, pp. 675-698
Persistent link: https://www.econbiz.de/10014519890
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Macroeconomics in times of liquidity crises : searching for economic essentials
Calvo, Guillermo - 2016
Persistent link: https://www.econbiz.de/10011550153
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Optimal monetary policy at the zero-interest-rate bound
Jung, Taehun; Teranishi, Yuki; Watanabe, Tsutomu - In: Journal of money, credit and banking : JMCB 37 (2005) 5, pp. 813-836
Persistent link: https://www.econbiz.de/10003144589
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Liquidity preference theory revisited : to ditch or to build on it?
Bibow, Jörg (contributor) - 2005
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical "special case" interpretation, Keynes considered his liquidity preference theory of …
Persistent link: https://www.econbiz.de/10003229836
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How have monetary regime changes affected the popularity of IS-LM?
Sumner, Scott B. - In: The IS-LM model : its rise, fall, and strange …, (pp. 240-270). 2004
Persistent link: https://www.econbiz.de/10002615063