Results 21 to 30 of about 846,886 (222)
The Influence of Information Diffusion on Interbank Risk Contagion
Complexity, 2021 In this paper, the stylized features of incomplete and asymmetric information in the interbank market leading to banks’ precautionary behaviors are introduced.
Zhinan Li, Peilong Shen, Xiaoyuan Liu
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Dealing with a liquidity trap when government debt matters: optimal time-consistent monetary and fiscal policy [PDF]
, 2013 How does the need to preserve government debt sustainability affect the optimal monetary and fiscal policy response to a liquidity trap? To provide an answer, we employ a small stochastic New Keynesian model with a zero bound on nominal interest rates ...
Burgert, Matthias, Schmidt , Sebastian
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, 2021 After the 1929/33 crisis John Maynard Keynes abandoned the theses formed earlier than his, according to which the presence of money does not affect economic processes.
Zsuzsanna Novák, Tibor Tatay
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Risks, 2022 In the present paper, we investigate the financial homogeneity of the euro area economies by contrasting eurozone countries’ responses to monetary policy steps to the theoretical assumptions of the liquidity trap phenomenon.
Tibor Tatay +2 more
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Liquidity traps, learning and stagnation [PDF]
European Economic Review, 2008 We examine global economic dynamics under learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. Under normal monetary and fiscal policy, the intended steady state is locally but not globally stable. Large pessimistic shocks to expectations can lead to deflationary spirals with falling prices and falling ...
Evans, George W., 1949- +2 more
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IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
Ekonomia i Prawo, 2015 The goal of the paper is to compare nonstandard solutions implemented by Federal Reserve System, European Central Bank and National Bank of Poland in response to the outbreak of a subrime crisis in United States and to debt crisis in European Union.
Maciej Ryczkowski
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NEGATIVE INTEREST RATES AND HOUSING BUBBLES [PDF]
Civil Engineering Journal, 2016 In years after the financial crisis economists started to propose negative interest rates as a way how to escape from a liquidity trap. Negative interest rate was considered to be impossible but few countries have already set them below the lower zero ...
Dominik Stroukal, Božena Kadeřábková
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Reputation and liquidity traps [PDF]
Review of Economic Dynamics, 2014 Can the central bank credibly commit to keeping the nominal interest rate low for an extended period of time in the aftermath of a deep recession? By analyzing credible plans in a sticky-price economy with occasionally binding zero lower bound constraints, I find that the answer is yes if contractionary shocks hit the economy with sufficient frequency.
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The role of the “liquidity trap” in Keynesian economics
PSL Quarterly Review, 2013 Recent discussions in the literature have once again raised the question as to whether the “liquidity trap” plays a crucial role in Keynesian economics. This work first discusses the analytical aspects of this question.
D. PATINKIN
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La "trappola della liquidità" nell'economia keynesiana.
Moneta e Credito, 2014 Recent discussions in the literature have once again raised the question as to whether the “liquidity trap” plays a crucial role in Keynesian economics. This work first discusses the analytical aspects of this question.
D. PATINKIN
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