Results 11 to 20 of about 846,886 (222)
Monetary and fiscal policy in a liquidity trap with inflation persistence
Journal of Economic Dynamics and Control, 2019 This paper relies on the new Keynesian model with inflation persistence to characterize the optimal monetary and fiscal policy in a liquidity trap. It shows that, with a Phillips curve that is both forward and backward looking, the monetary policy that ...
Jean-Baptiste Michau
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It's Baaack: Japan's Slump and the Return of the Liquidity Trap
Brookings Papers on Economic Activity, 1998 P. Krugman
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OPTIMAL MONETARY POLICY IN A LIQUIDITY TRAP WITH HETEROGENEOUS AGENTS
Annals of Economics and Statistics, 2023 This paper derives the optimal money injection at the Zero Lower Bound (ZLB), in a tractable model where households hold heterogeneous money holdings due to explicit financial frictions, such as limited participation or temporary binding credit ...
X. Ragot
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Factors of global inflation in 2021–2022 [PDF]
Russian Journal of Economics, 2023 The paper examines the factors of global inflation acceleration in 2021–2022. We consider primarily the developed economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded target levels. We
Eugene L. Goryunov +3 more
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Keynesian approach to economy regulation: answers to the challenges facing the agro-industrial complex [PDF]
BIO Web of Conferences, 2023 The paper presents the main aspects of the Keynesian theory of state economic policy in the context of responding to global challenges and national barriers facing the development of the Russian agro-industrial complex.
Trukhachev Vladimir I. +5 more
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ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
Вестник университета, 2021 The article considers the downward spiral of deflation, its causes and consequences. The paper discusses the compression of aggregate demand and the subsequent recession.
V. D. Kuligin
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Gradualism and Liquidity Traps [PDF]
SSRN Electronic Journal, 2016 Modifying the objective function of a discretionary central bank to include an interest-rate smoothing objective increases the welfare of an economy in which large contractionary shocks occasionally force the central bank to lower the policy rate to its effective lower bound. The central bank with an interest-rate smoothing objective credibly keeps the
Nakata, Taisuke, Schmidt, Sebastian
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Conservatism and Liquidity Traps [PDF]
SSRN Electronic Journal, 2014 Appointing Rogoff's (1985) conservative central banker improves welfare if the economy is subject to large contractionary shocks and the policy rate occasionally falls to the zero lower bound (ZLB). In an economy with occasionally binding ZLB constraints, the anticipation of future ZLB episodes creates a trade-off between inflation
Nakata, Taisuke, Schmidt, Sebastian
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Time‐Consistent Management of a Liquidity Trap with Government Debt
Journal of Money, Credit and Banking, 2021 This paper studies optimal discretionary monetary and fiscal policy when the lower bound on nominal interest rates is occasionally binding in a model with nominal rigidities and long-term government debt.
D. Matveev
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Journal of Materials Research and Technology, 2023 For ultrasonic welding (USW) of fiber reinforced thermoplastic composites without energy director (ED), the special contact surface and interphase structures due to the addition of fibers have strong relation to the weld quality.
Yaqiong Wang +4 more
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