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Understanding benign liquidity traps : the case of Japan

Homburg, Stefan - 2015

Japan has been in a benign liquidity trap since 1990. In a benign liquidity trap, interest rates approach zero, prices decline, and monetary policy is ineffective but output and employment perform decently. Such a pattern contradicts traditional macro theories. This paper introduces a monetary...

Persistent link: https://www.econbiz.de/10011295317

Insights on endogenous money and the liquidity preference theory of interest

Asensio, Angel - In: Journal of post-Keynesian economics : JPKE 40 (2017) 3, pp. 327-348

Persistent link: https://www.econbiz.de/10011980945

Indeterminacy of Ramsey Model Under Heterogeneous Time Preference, Transversality Condition Issues, Theories of Price Level and Uniform Rate of Interest

Kim, Bryce - 2016

different theories of price level, with possible monetary theory dominance when legal barrier of monetary policy is reduced. The …

Persistent link: https://www.econbiz.de/10012982564

Reflecting on the Capital Debates from Modern Perspectives : Interest Rate, Marginal Product of Capital, Equilibrium of Simultaneous Equations and Capital Intensity/Factor Remunera...

Kim, Bryce - 2014

This paper intends to present a novel perspective on the capital debates. Thomas Piketty, on his book, asserts that the capital debates were virtually meaningless and the neoclassical side won the debates, and this brought several discussions on this point. This paper does not wish to argue that...

Persistent link: https://www.econbiz.de/10013053494

Modern money theory : some basics in response to Drumetz/Pfister

Leclaire, Joëlle - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 34-42

This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her …

Persistent link: https://www.econbiz.de/10014433702

A Monetary Analysis of the Liquidity Trap with an Application to the USA

Braz Pinto, João - 2020

Keynesian case against the classical one. The “lowflation” environment experienced in the USA and Europe again brought the LT to … the forefront. The quantitative easing monetary policy was introduced in Japan and better applied in the USA and EMU as a … transformation of the monetary base into money supply. To prove our thesis, we study the behavior of the USA money multiplier and the …

Persistent link: https://www.econbiz.de/10012840524

Gibt es aus portfoliotheoretischer Sicht eine Liquiditätsfalle?

Läufer, Nikolaus - 2004 - 2. und verb. Fassung vom 20. Juli 2004

In der Makroökonomik werden Liquiditätsfallen ohne Mikrofundierung als existent angenommen und die Japan-Krise hat Liquiditätsfallen wieder zum Diskussionsthema gemacht. Deshalb wird die Frage der Existenz von Liquiditätsfallen hier portfolio-theoretisch untersucht im Rahmen eines...

Persistent link: https://www.econbiz.de/10009491055

(Un)Naturally Low? Sequential Monte Carlo Tracking of the US Natural Interest Rate

Lombardi, Marco J.; Sgherri, Silvia - 2021

Following the 2000 stockmarket crash, have US interest rates been held too low in relation to their natural level? Most likely, yes. Using a structural neo-Keynesian model, this paper attempts a real-time evaluation of the US monetary policy stance while ensuring consistency between the...

Persistent link: https://www.econbiz.de/10013316899

Further insights on endogenous money and the liquidity preference theory of interest

Lavoie, Marc; Reissl, Severin - In: Journal of Post Keynesian economics 42 (2019) 4, pp. 503-526

Persistent link: https://www.econbiz.de/10012196062

Demand for Financial Assets and Monetary Policy : A Restatement of the Liquidity Preference Theory and the Speculative Demand for Money

Rezende, Felipe - 2015

for different types of securities (and not just consols) and it follows the approach of chapter 17 of the General Theory …

Persistent link: https://www.econbiz.de/10013014332