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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
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Fiscal multiplier in a credit-constrained new Keynesian economy
Karatas, Engin; Sin, Jasmin - 2012
Persistent link: https://www.econbiz.de/10010219865
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Understanding benign liquidity traps : the case of Japan
Homburg, Stefan - In: German economic review 18 (2017) 3, pp. 267-282
Persistent link: https://www.econbiz.de/10011722168
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Endogenous forward guidance
Chafwehé, Boris; Oikonomou, Rigas; Priftis, Romanos; … - 2018
positive at the onset of the episode, through promising higher inflation rates in future periods. We embed our theory into a …
Persistent link: https://www.econbiz.de/10011920684
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Resolving the missing deflation puzzle
Lindé, Jesper; Trabandt, Mathias - 2019
Persistent link: https://www.econbiz.de/10012151309
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Effectiveness of state-contingent monetary policy under a liquidity trap
Fujiwara, Ippei; Hara, Naoko; Yoshimura, Kentaro - In: Journal of the Japanese and international economies : … 20 (2006) 3, pp. 364-379
Persistent link: https://www.econbiz.de/10003374294
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Helicopter money : irredeemable fiat money and the liquidity trap
Buiter, Willem H. - 2004
Persistent link: https://www.econbiz.de/10003431308
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Is there a fiscal free lunch in a liquidity trap?
Erceg, Christopher J.; Lindé, Jesper - 2010
Persistent link: https://www.econbiz.de/10003943910
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Is there a fiscal free lunch in a liquidity trap?
Erceg, Christopher J.; Lindé, Jesper - 2010
Persistent link: https://www.econbiz.de/10009550959
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Extending the textbook dynamic AD-AS framework with flexible inflation expectations, optimal policy response to demand changes, and the zero-bound on the nominal insterest rate
Alpanda, Sami; Honig, Adam; Woglom, Geoffrey Richard H. - In: Modern economy 4 (2013) 3, pp. 145-160
Persistent link: https://www.econbiz.de/10010201950