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IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
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]
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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The role of the “liquidity trap” in Keynesian economics
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.
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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Liquidity Trap and stability of Taylor rules [PDF]
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Le Riche, Antoine +2 more
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The Effect of Gesell Tax on Liquidity Trap: New Keynesian Approach [PDF]
In the present system of capitalism, the money and interest rate have a special place in macroeconomics and play a major role in conducting monetary policies and determining economic activities level. Classical school believe that interest rate is a real
Ensieh Mosaddeghi +2 more
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Liquidity Traps in Hotel Revenue Management during the Pandemic and Actions Taken by Hoteliers
During the COVID-19 pandemic period from March 2020 to September 2022 in Japan, the hotel revenue management mechanism through dynamic pricing for room revenue maximization did not work because of a lack of traditional room demand regardless of price ...
Tomohiko Sawayanagi
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Monetary policy at the zero lower bound. Geldpolitik an der Null-Zins-Grenze
Both interest rates and inflation rates in the Euro area have reached levels dangerously close to zero. By the strategy of quantitative easing the ECB has been providing ample liquidity – yet without lasting success.
Karen Cabos
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Modeling Financial System with Interbank Flows, Borrowing, and Investing
In our model, private actors with interbank cash flows similar to, but more general than that by Carmona et al. (2013) borrow from the non-banking financial sector at a certain interest rate, controlled by the central bank, and invest in risky assets ...
Aditya Maheshwari, Andrey Sarantsev
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New Keynesian Liquidity Trap and Conventional Fiscal Stance: An Estimated DSGE Model
The study investigates the effect of New Keynesian liquidity trap on fiscal stance in the United States, United Kingdom and Japan economies. We developed our DSGE model in the context of an optimal and persistent interactive fiscal policy, which allows ...
Shobande Olatunji Abdul +1 more
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