more at the zero lower bound than it does during normal times. Central to this result is a precautionary savings channel …. By stimulating labor demand, hiring subsidies reduce unemployment risk and precautionary savings. This increases the …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

This paper analyzes optimal monetary and fiscal policy in a model where money and savings are essential and asset …