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Savings, asset scarcity, and monetary policy

Altermatt, Lukas - 2018

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

Persistent link: https://www.econbiz.de/10011857574

Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model

Spahn, Peter - 2016

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

Persistent link: https://www.econbiz.de/10011575978

Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model

Spahn, Peter - 2016

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

Persistent link: https://www.econbiz.de/10011473021

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

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

Demographics and real interest rates : inspecting the mechanism

Carvalho, Carlos Viana de; Ferrero, Andrea; Nechio, Fernanda - 2016

longevity - or expectations thereof - puts downward pressure on the real interest rate, as agents build up their savings in … retirees to workers). Because retirees save less than workers, this compositional effect lowers the aggregate savings rate and …

Persistent link: https://www.econbiz.de/10011439850