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A model of the Safe Asset Mechanism (SAM) : safety traps and economic policy
Caballero, Ricardo J.; Farhi, Emmanuel - 2013
Persistent link: https://www.econbiz.de/10009714414
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A Model of the Safe Asset Mechanism (Sam) : Safety Traps and Economic Policy
Caballero, Ricardo J. - 2013
The global economy has a chronic shortage of safe assets which lies behind many recent macroeconomic imbalances. This paper provides a simple model of the Safe Asset Mechanism (SAM), its recessionary safety traps, and its policy antidotes. Safety traps share many common features with...
Persistent link: https://www.econbiz.de/10013087881
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Consumption dynamics, housing collateral and stabilisation policies : a way forward for policy co-ordination?
Chadha, Jagjit; Corrado, Germana; Corrado, Luisa - 2018
Persistent link: https://www.econbiz.de/10011980565
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A Model of the Safe Asset Mechanism (SAM) : Safety Traps and Economic Policy
Caballero, Ricardo J. - 2013
The global economy has a chronic shortage of safe assets which lies behind many recent macroeconomic imbalances. This paper provides a simple model of the Safe Asset Mechanism (SAM), its recessionary safety traps, and its policy antidotes. Safety traps share many common features with...
Persistent link: https://www.econbiz.de/10012459925
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The fiscal multiplier with heterogeneous agents : the role of wealth, wealth distribution, and interest rates under Ricardian equivalence
Sedgley, Norman H.; Scott, Charles E.; Derrick, Frederick W. - In: Review of Keynesian economics 3 (2015) 3, pp. 419-432
Persistent link: https://www.econbiz.de/10011312368
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How does fiscal policy react to wealth composition and asset prices?
Agnello, Luca; Castro, Vítor; Sousa, Ricardo M. - In: Journal of macroeconomics 34 (2012) 3, pp. 874-890
Persistent link: https://www.econbiz.de/10009690430
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Fiscal policy and agents differing in altruism and ability
Michel, Philippe; Pestieau, Pierre - In: Economica 72 (2005), pp. 121-135
Persistent link: https://www.econbiz.de/10002687682
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Fiscal disobedience : an anthropology of economic regulation in Central Africa
Roitman, Janet; Roitman, Janet L. - 2005
Persistent link: https://www.econbiz.de/10001851744
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Fiscal policy with agents differing in altruism and in ability
Michel, Philippe; Pestieau, Pierre - 2002
Persistent link: https://www.econbiz.de/10001713152
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Fiscal policy with agents differing in altruism and in ability
Michel, Philippe; Pestieau, Pierre - 2004
Persistent link: https://www.econbiz.de/10002006129