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Global vs. local liquidity traps
Cook, David; Devereux, Michael B. - In: Seoul journal of economics 24 (2011) 4, pp. 471-493
Persistent link: https://www.econbiz.de/10009407834
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Global vs. Local Liquidity Traps
Cook, David E. - 2011
single, source country) sufficiently large to push one or both countries into a liquidity trap. The zero lower bound on … study conditions under which a liquidity trap in one country might spillover to a trading partner. We study, under which … conditions, a liquidity trap in one country will lead to a liquidity trap in another country. We also show conditions under which …
Persistent link: https://www.econbiz.de/10013117771
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Fiscal policy in a currency union at the zero lower bound
Cook, David; Devereux, Michael B. - 2018 - Revised, November 2017
When monetary policy is constrained by the zero lower bound, fiscal policy can be used to achieve macro stabilization objectives. At the same time, fiscal policy is also a key policy variable within a single currency area that allow policy-makers to respond to regional demand asymmetries. How do...
Persistent link: https://www.econbiz.de/10011786683
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Fiscal deficits, debt, and monetary policy in a liquidity trap
Devereux, Michael B. - 2010
Persistent link: https://www.econbiz.de/10008823193
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Sharing the burden : monetary and fiscal responses to a world liquidity trap
Cook, David; Devereux, Michael B. - 2011
Persistent link: https://www.econbiz.de/10009160447
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Optimal fiscal policy in a world liquidity trap
Cook, David; Devereux, Michael B. - In: European economic review : EER 55 (2011) 4, pp. 443-462
Persistent link: https://www.econbiz.de/10009243428
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Sharing the burden : monetary and fiscal responses to a world liquidity trap
Cook, David; Devereux, Michael B. - In: American economic journal : a journal of the American … 5 (2013) 3, pp. 190-228
Persistent link: https://www.econbiz.de/10009790512
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Does a monetary union require international fiscal policy co-ordination?
Devereux, Michael B. - In: The economic and social review 23 (1991) 1, pp. 35-54
Persistent link: https://www.econbiz.de/10001115339
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The international effects of monetary and fiscal policy in a two-country model
Betts, Caroline M.; Devereux, Michael B. - 1999
Persistent link: https://www.econbiz.de/10001378603
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The international effects of monetary and fiscal policy in a two-country model
Betts, Caroline M.; Devereux, Michael B. - In: Money, capital mobility, and trade : essays in honor of …, (pp. 9-52). 2001
Persistent link: https://www.econbiz.de/10001588986