The macroeconomics of financial crises: How risk premiums, liquidity traps and perfect traps affect policy options [PDF]
The paper shows that structural models of the IS-LM and Mundell-Fleming variety have a lot to tell about the macroeconomics of the current global crisis.
Florian Jung, Manfred Gärtner
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Monetary Policy and Japan’s Liquidity Trap [PDF]
During the long economic slump in Japan, monetary policy in Japan has essentially consisted of a very low interest rate (since 1995), a zero interest rate (since 1999), and quantitative easing (since 2001).
Lars E.O. Svensson
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International economic spillovers and the liquidity trap [PDF]
We study the effect of the zero bound constraint of interest rates on international transmission of eco-nomic policy and supply shocks. After some preliminary analysis with a simple theoretical model, we ap-ply a rich two-country simulation model to the ...
Kortelainen , Mika, Tarkka , Juha
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Monetary policy in a liquidity trap [PDF]
In the United States, the Federal Reserve sets monetary policy by targeting the federal funds rate. This process usually involves lowering short-term interest rates when economic growth is weak and raising them when economic growth is strong.
Michael Dotsey
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¿CUÁL ES LA EVIDENCIA EMPÍRICA DEL EFECTO FISHER EN LA ECONOMÍA COLOMBIANA,1980-2000?
Cuadernos de Economía, 2001 En este trabajo se hace un análisis sobre el Efecto Fisher para el caso colombiano durante el período 1980-2000 a partir de la información trimestral de la tasa de interés nominal y de la tasa de inflación.
Héctor Cárdenas +1 more
doaj
Optimal Deficit-Spending in a Liquidity Trap with Long-Term Government Debt
Social Science Research Network, 2022 Charles de Beauffort
semanticscholar +1 more source
It's Baaack: Japan's Slump and the Return of the Liquidity Trap [PDF]
macroeconomics, Japan, Slump, Liquidity Trap, monetary ...
Paul R. Krugman
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Effects of Covid-19 on Euro area GDP and inflation: demand vs. supply disturbances. [PDF]
Int Econ Econ Policy, 2021 Kollmann R.
europepmc +1 more source
Non-traditional open market operations: lessons from FDR's silver purchase program [PDF]
, 2005 When faced with a liquidity trap, a traditional open market purchase will generally be ineffective. Theoretical studies have suggested that intervention in other markets could offer a means of escaping from this trap.
Burdekin, Richard C. K. +1 more
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Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank [PDF]
An independent central bank can manage its balance sheet and its capital so as to commit itself to a depreciation of its currency and an exchange-rate peg.
Lars E.O. Svensson, Olivier Jeanne
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