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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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Essays in quantitative monetary economics
Klaeffling, Matthias - 2002
Persistent link: https://www.econbiz.de/10001726852
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Heterogeneous investment behavior and the persistence of the liquidity effect
Occhino, Filippo - 2000
Persistent link: https://www.econbiz.de/10001609548
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Endogenous money and the natural rate of interest : the reemergence of liquidity preference and animal spirits in the post-Keynesian theory of capital markets
Pilkington, Philip - 2014
principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …-Keynesian monetary theory today is its rejection of the "natural rate of interest." By examining the hidden assumptions of the loanable … interest version of the loanable funds theory, it quickly becomes clear that Minsky does not fall into the loanable funds camp. …
Persistent link: https://www.econbiz.de/10010412398
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Helicopter drops of money under secular stagnation
Michau, Jean-Baptiste - 2019
Persistent link: https://www.econbiz.de/10012237446
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Inside money, investment, and unconventional monetary policy
Altermatt, Lukas - 2019 - Revised version
I develop a model that explicitly takes the role of financial institutions in the transmission mechanism of monetary policy into account. Within this model, I find various equilibrium environments, with one of them resembling a standard environment for monetary policy and another one akin to a...
Persistent link: https://www.econbiz.de/10012052588
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Further insights on endogenous money and the liquidity preference theory of interest
Lavoie, Marc; Reissl, Severin - 2018
of Post Keynesian Economics regarding the relationship between endogenous money theory and the liquidity preference … theory of the rate of interest. We incorporate Asensio's assumptions as far as possible and use simulation experiments to …
Persistent link: https://www.econbiz.de/10011924796
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Inside money, investment, and unconventional monetary policy
Altermatt, Lukas - 2018 - Revised version
I develop a new monetarist model to analyze why an economy can fall into a liquidity trap, and what the effects of unconventional monetary policy measures such as helicopter money and negative interest rates are under these circumstances. I find that liquidity traps can be caused by a decrease...
Persistent link: https://www.econbiz.de/10011790397