Results 11 to 20 of about 9,339 (211)
Liquidity traps in a world economy [PDF]
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Liquidity traps and large-scale financial crises [PDF]
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CAGGIANO, GIOVANNI +4 more
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Liquidity Traps with Global Taylor Rules [PDF]
An important theme in the writings of Jess Benhabib is the global stability of equilibrium in monetary economies. A key result emerging from his research is that Taylor‐type interest rate feedback rules that are bounded below by zero can lead to unintended liquidity traps. The present paper shows that even if the interest rate rule is not bounded below
Stephanie Schmitt-Grohe, Martin Uribe
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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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Money and production, and liquidity trap [PDF]
We prove the existence of monetary equilibrium in a finite horizon economy with production. We also show that if agents expect the monetary authority to significantly decrease the supply of bank money available for short‐term loans in the future, then the economy will fall into a liquidity trap today.
Pradeep Dubey, John Geanakoplos
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The new-Keynesian liquidity trap [PDF]
Abstract Many new-Keynesian models produce a deep recession with deflation at the zero bound. These models also make unusual policy predictions: Useless government spending, technical regress, capital destruction, and forward guidance can raise output.
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Using a two-country New Open Economy Macroeconomics model, we analyze how monetary policy should respond to a "global liquidity trap, " where the two countries may fall into a liquidity trap simultaneously. We first characterize optimal monetary policy, and show that the optimal rate of infl ation in one country is affected by whether or not the other ...
Fujiwara, Ippei +3 more
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Keratin 19 (KRT19) is overexpressed in high‐grade serous ovarian cancer with high levels of Kallikrein‐related peptidases (KLK) 4–7 and is associated with poor survival. In vivo analyses demonstrate that elevated KRT19 increases peritoneal tumour burden.
Sophia Bielesch +13 more
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Speed Limit Policy and Liquidity Traps [PDF]
The zero lower bound (ZLB) constraint on interest rates makes speed limit policies (SLPs)---policies aimed at stabilizing the output growth---less effective. Away from the ZLB, the history dependence induced by a concern for output growth stabilization improves the inflation-output tradeoff for a discretionary central bank. However, in the aftermath of
Nakata, Taisuke +2 more
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Hijacking emergency granulopoiesis: Neutrophil ontogeny and reprogramming in cancer
Neutrophils are highly plastic innate immune cells; their functions in cancer extend beyond the tumour microenvironment. This Review summarises current understanding of neutrophil maturation and heterogeneity and highlights tumour‐induced granulopoiesis as a systemic programme that expands immature, immunosuppressive neutrophils via tumour‐derived ...
Gabriela Marinescu, Yi Feng
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