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“To use the words of Keynes...” Olivier J. Blanchard on Keynes and the 'Liquidity Trap' [PDF]

Barens, Ingo
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Money Demand in Japan and the Liquidity Trap [PDF]

Masao Ogaki, Vikas Kakkar, Youngsoo Bae
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A Note on Krugman’s Liquidity Trap and Monetary Policy at the Zero Lower Bound

Review of Political Economy, 2020
Krugman's ‘liquidity trap’ model constituted a ground-breaking contribution by attributing the long-lasting Japanese stagnation to a negative natural interest rate. Our critique to such a proposal will focus on three aspects.
Stefano Di Bucchianico
semanticscholar   +3 more sources

Governmental Investment Impacts on the Construction Sector Considering the Liquidity Trap

Journal of Management in Engineering - ASCE, 2022
Odey Alshboul, Ali Shehadeh, Ola Hamedat
semanticscholar   +3 more sources

Money, Bonds, and the Liquidity Trap

Journal of Money, Credit and Banking, 2020
AbstractThis paper examines a search model of money and public bonds in which coordination frictions lead to multiple, Pareto ranked equilibria. Whether money and bonds are substitutes or complements, is not a primitive of the economy, but an equilibrium outcome.
Araujo, L, Ferraris, L
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Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*

Quarterly Journal of Economics, 2012
Gauti B. Eggertsson, P. Krugman
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Thinking About the Liquidity Trap

Journal of the Japanese and International Economies, 2000
Abstract The phenomenon of the liquidity trap—defined as a situation in which even a zero interest rate is insufficiently low to produce full employment—has taken on new importance with the persistent slump in Japan. This paper restates recent theoretical work on liquidity traps, drawing a link between “intertemporal” models that are mainly concerned
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A quarter of a century of the BoJ’s efforts to overcome liquidity trap

Bank i Kredyt, 2023
Japan was the first country to experience sustained deflationary threat since the late 1990s. It stemmed from a mixture of factors of different natures, out of which domestic structural rigidities and the Great Moderation played the key role. Confronting
Paweł Kowalewski, Sayuri Shirai
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The negative natural rate of interest in the modern theories of Liquidity Trap and Secular Stagnation: back to Böhm-Bawerk via Samuelson

European Journal of the History of Economic Thought, 2022
The negative natural rate of interest is since two decades eliciting theoretical and policy debates. It re-emerged, after a relatively long time, in Krugman’s Liquidity Trap model.
Stefano Di Bucchianico
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Monetary policy effectiveness in the liquidity trap: a switching regimes approach

, 2021
Liquidity trap economics seems to have fared particularly well on all counts of its predictions, in the aftermath of the 2008 global financial crisis. Therefore, in this paper we evaluate formally the effectiveness of unconventional monetary policy in a ...
Dimitris G. Kirikos
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