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The Age of Debt Bubbles : An Analysis of Debt Crises, Asset Bubbles and Monetary Policy

Rangeley, Max (ed.) - 2024

Part I. Understanding the Monetary System and Debt Bubbles in Modern Economies -- Chapter 1. How Money is Created in a Modern Economy (Max Rangeley) -- Chapter 2. Business Cycles, Debt Bubbles and the Monetary System (Max Rangeley) -- Chapter 3. Analysis of the Formation of the Super Bubble (Max...

Persistent link: https://www.econbiz.de/10015062713

Recovery of 1933

Jacobson, Margaret M.; Leeper, Eric M.; Preston, Bruce - 2023

Persistent link: https://www.econbiz.de/10014284271

Is monetary policy less effective when interest rates are persistently low?

Borio, Claudio E. V.; Hofmann, Boris - 2017

Persistent link: https://www.econbiz.de/10011752714

Sovereign and private default risks over the business cycle

Kaas, Leo; Mellert, Jan; Scholl, Almuth - In: Journal of international economics 123 (2020), pp. 1-15

Persistent link: https://www.econbiz.de/10012588294

Liquidity traps and expectation dynamics : fiscal stimulus or fiscal austerity?

Benhabib, Jess; Evans, George W.; Honkapohja, Seppo - 2014

Persistent link: https://www.econbiz.de/10010402622

Tax and monetary policy rules in a small open economy with disaggregated government purchases

Yemba, Boniface Pepino - In: International journal of monetary economics and finance 10 (2017) 2, pp. 144-182

Persistent link: https://www.econbiz.de/10011740571

Why aging induces deflation and secular stagnation

Braun, R. Anton; Ikeda, Daisuke - 2022

We provide a quantitative theory of deflation and secular stagnation. In our lifecycle framework, an aging population … puts persistent downward pressure on the price level, real interest rates, and output. A novel feature of our theory is …

Persistent link: https://www.econbiz.de/10013382196

Procyclical finance : the money view

Li, Ye - 2017

Financial intermediaries issue the majority of liquid securities, and nonfinancial firms have become net savers, holding intermediaries' debt as cash. This paper shows that intermediaries' liquidity creation stimulates growth -- firms hold their debt for unhedgeable investment needs -- but also...

Persistent link: https://www.econbiz.de/10011968932

Financial repression and transmission of macroeconomic shocks in a DSGE model with financial frictions

Elkina, Mariia A. - 2021

Persistent link: https://www.econbiz.de/10012546374

Fiscal foundations of inflation : imperfect knowledge

Eusepi, Stefano; Preston, Bruce - 2013

This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. The … theory is similar in spirit to, but distinct from, unpleasant monetarist arithmetic and the fiscal theory of the price level …

Persistent link: https://www.econbiz.de/10010202656