Credit Crises, Precautionary Savings, and the Liquidity Trap [PDF]
We study the effects of a credit crunch on consumer spending in a heterogeneous-agent incomplete-market model. After an unexpected permanent tightening in consumers’ borrowing capacity, some consumers are forced to deleverage and others increase their ...
Guido Lorenzoni, Veronica Guerrieri
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Influence of the nature of confinement on the melting of Wigner molecules in quantum dots
, 2015 We analyze the quantum melting of two-dimensional Wigner molecules (WM) in confined geometries with distinct symmetries and compare it with corresponding thermal melting.
Bhattacharya, Dyuti +3 more
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Liquidity Trap Prevention and Escape: A Simple Proposition [PDF]
Liquidity traps occur when the natural nominal interest rate becomes negative. In a model with capital price dynamics explicitly considered, we find that shocks in the future can cause current and lasting liquidity traps. We propose that the central bank
Junning Cai
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Deleveraging and decapacity: A comparative analysis of corporate capital allocation based on asset reversibility. [PDF]
PLoS One, 2023 Jia S, Sang C, Su S, Xu J.
europepmc +1 more source
Alice Through the Looking Glass: Strategic Monetary and Fiscal Policy Interaction in a Liquidity Trap [PDF]
The recent experience with low inflation, and the experience of several economies has reopened interest in the liquidity trap; which occurs when the nominal interest rate reaches its zero lower bound.
Ali al-Nowaihi, Sanjit Dhami
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Interplay of multifractal dynamics between shadow policy rates and stock markets. [PDF]
Heliyon, 2023 Aslam F, Mohti W, Ali H, Ferreira P.
europepmc +1 more source
A global analysis of liquidity effects, interest rate rules, and deflationary traps [PDF]
The prevailing models of liquidity traps suggest that a deflationary trap is a stable steady state in a multiple equilibria model. These models implicitly assume that the central bank accelerates the process of disinflation by following a Taylor rule ...
Noritaka Kudoh
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Essence determines phenomenon: Assaying the material properties of biological condensates. [PDF]
J Biol Chem, 2022 Wang Z, Lou J, Zhang H.
europepmc +1 more source
Crisis in Japan and the Way Out: A Counterargument to Pessimistic Views [PDF]
This paper focuses on a review of the present state of, and outlook for the Japanese economy. The paper is composed of three parts. The first describes the interrelation between the crisis-ridden East Asian economies and Japan. I argue that Japan did not
Kunimune, Kozo
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Baby Boom, Asset Market Meltdown and Liquidity Trap [PDF]
A so-called “asset market meltdown hypothesis” predicts that baby boomers’ large savings will drive asset market booms that will eventually collapse because of the boomers’ large retirement dissavings.
Junning Cai
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