Captivated by Liquidity – Theoretical Traps and Practical Mazes
Author
Abstract
Suggested Citation
DOI: https://doi.org/10.35551/PFQ_2021_1_3
Download full text from publisher
References listed on IDEAS
- Svensson, Lars-E-O, 2001.
"The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap,"
Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(S1), pages 277-312, February.
- Svensson, Lars, 2000. "The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap," Seminar Papers 687, Stockholm University, Institute for International Economic Studies.
- Lars E.O. Svensson, 2000. "The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap," NBER Working Papers 7957, National Bureau of Economic Research, Inc.
- Svensson, Lars E.O., 2000. "The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap," CEPR Discussion Papers 2566, C.E.P.R. Discussion Papers.
- Ricardo J Caballero & Emmanuel Farhi, 2018.
"The Safety Trap,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(1), pages 223-274.
- Ricardo J Caballero & Emmanuel Farhi, "undated". "The Safety Trap," Working Paper 233766, Harvard University OpenScholar.
- Ricardo Caballero & Emmanuel Farhi, 2015. "The Safety Trap," Working Paper 146986, Harvard University OpenScholar.
- Ricardo J. Caballero & Emmanuel Farhi, 2014. "The Safety Trap," NBER Working Papers 19927, National Bureau of Economic Research, Inc.
- Axel Leijonhufvud, 1987.
"Rational Expectations and Monetary Institutions,"
International Economic Association Series, in: Marcello Cecco & Jean-Paul Fitoussi (ed.), Monetary Theory and Economic Institutions, chapter 3, pages 44-65,
Palgrave Macmillan.
- Axel Leijonhufvud, 1983. "Rational Expectations and Monetary Institutions," UCLA Economics Working Papers 302, UCLA Department of Economics.
- Marcello Cecco & Jean-Paul Fitoussi (ed.), 1987. "Monetary Theory and Economic Institutions," International Economic Association Series, Palgrave Macmillan, number 978-1-349-08781-5, June.
- Leijonhufvud, Axel, 1984.
"Hicks on Time and Money,"
Oxford Economic Papers, Oxford University Press, vol. 36(0), pages 26-46, Supplemen.
- Leijonhufvud, Axel, 1984. "Hicks on time and money," Discussion Papers, Series I 182, University of Konstanz, Department of Economics.
- Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
- Gauti B. Eggertsson, 2011.
"What Fiscal Policy Is Effective at Zero Interest Rates?,"
NBER Chapters, in: NBER Macroeconomics Annual 2010, volume 25, pages 59-112,
National Bureau of Economic Research, Inc.
- Gauti B. Eggertsson, 2009. "What fiscal policy is effective at zero interest rates?," Staff Reports 402, Federal Reserve Bank of New York.
- Paul Krugman & Gauti B. Eggertsson, 2011. "Debt, Deleveraging and the Liquidity Trap," 2011 Meeting Papers 1166, Society for Economic Dynamics.
- Gauti B. Eggertsson, 2008.
"Great Expectations and the End of the Depression,"
American Economic Review, American Economic Association, vol. 98(4), pages 1476-1516, September.
- Gauti B. Eggertsson, 2005. "Great expectations and the end of the depression," Staff Reports 234, Federal Reserve Bank of New York.
- Karel R. S. M. Mertens & Morten O. Ravn, 2014.
"Fiscal Policy in an Expectations-Driven Liquidity Trap,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(4), pages 1637-1667.
- Ravn, Morten & Mertens, Karel, 2010. "Fiscal Policy in an Expectations Driven Liquidity Trap," CEPR Discussion Papers 7931, C.E.P.R. Discussion Papers.
- Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
- Marcello de Cecco & Jean-Paul Fitoussi, 1987.
"Monetary theory and economic institutions,"
SciencePo Working papers Main
hal-03572930, HAL.
- Marcello de Cecco & Jean-Paul Fitoussi, 1987. "Monetary theory and economic institutions," Post-Print hal-03572930, HAL.
- Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Tibor Tatay & Zsanett Orlovits & Zsuzsanna Novák, 2022. "Inhomogeneous Financial Markets in a Low Interest Rate Environment—A Cluster Analysis of Eurozone Economies," Risks, MDPI, vol. 10(10), pages 1-22, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Steven Horwitz, 2009. "Great Apprehensions, Prolonged Depression: Gauti Eggertsson on the 1930s," Econ Journal Watch, Econ Journal Watch, vol. 6(3), pages 313-336, September.
- Blair Jenkins, 2009. "Rent Control: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 73-112, January.
- Peter Hennecke, 2021. "The ECB’s New Monetary Policy Strategy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(5), pages 295-298, September.
- Toma Lankauskiene, 2021. "Labour Productivity Growth Determinants in the Manufacturing Sector in the Baltic States," ConScienS Conference Proceedings 025tl, Research Association for Interdisciplinary Studies.
- Lars P Feld & Volker Wieland, 2021.
"The German Federal Constitutional Court Ruling and the European Central Bank’s Strategy,"
Journal of Financial Regulation, Oxford University Press, vol. 7(2), pages 217-253.
- Feld, Lars P. & Wieland, Volker, 2020. "The German Federal Constitutional Court ruling and the European Central Bank's strategy," IMFS Working Paper Series 145, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Feld, Lars P. & Wieland, Volker, 2020. "The German Federal Constitutional Court ruling and the European Central Bank's strategy," Freiburg Discussion Papers on Constitutional Economics 20/5, Walter Eucken Institut e.V..
- Wieland, Volker & Feld, Lars, 2020. "The German Federal Constitutional Court Ruling and the European Central Bank's Strategy," CEPR Discussion Papers 15320, C.E.P.R. Discussion Papers.
- Núñez Ferrer, Jorge, 2021. "Avoiding the Main Risks in the Recovery Plans of Member States," CEPS Papers 32463, Centre for European Policy Studies.
- Lars Jonung & Eoin Drea, 2010. "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989–2002," Econ Journal Watch, Econ Journal Watch, vol. 7(1), pages 1-4–52, January.
- Ian Ayres & John J. Donohue, 2009. "Yet Another Refutation of the More Guns, Less Crime Hypothesis—With Some Help From Moody and Marvell," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 35-59, January.
- Kjerstin Tevik & Geir Selbæk & Knut Engedal & Arnfinn Seim & Steinar Krokstad & Anne-S Helvik, 2019. "Mortality in older adults with frequent alcohol consumption and use of drugs with addiction potential – The Nord Trøndelag Health Study 2006-2008 (HUNT3), Norway, a population-based study," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-24, April.
- Gianluca Benigno & Luca Fornaro, 2018.
"Stagnation Traps,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1425-1470.
- Luca Fornaro & Gianluca Benigno, 2015. "Stagnation Traps," 2015 Meeting Papers 810, Society for Economic Dynamics.
- Benigno, Gianluca & Fornaro, Luca, 2016. "Stagnation traps," LSE Research Online Documents on Economics 66416, London School of Economics and Political Science, LSE Library.
- Benigno, Gianluca & Fornaro, Luca, 2016. "Stagnation Traps," CEPR Discussion Papers 11074, C.E.P.R. Discussion Papers.
- Benigno, Gianluca & Fornaro, Luca, 2017. "Stagnation traps," Working Paper Series 2038, European Central Bank.
- Gianluca Benigno & Luca Fornaro, 2015. "Stagnation Traps," Discussion Papers 1606, Centre for Macroeconomics (CFM), revised Dec 2015.
- Gianluca Benigno & Luca Fornaro, 2015. "Stagnation traps," Economics Working Papers 1487, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2017.
- Gianluca Benigno & Luca Fornaro, 2015. "Stagnation Traps," Working Papers 832, Barcelona School of Economics.
- Benigno, Gianluca & Fornaro, Luca, 2016. "Stagnation traps," LSE Research Online Documents on Economics 86241, London School of Economics and Political Science, LSE Library.
- Gianluca Benigno & Luca Fornaro, 2017. "Stagnation traps," CAMA Working Papers 2017-22, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Gianluca Benigno & Luca Fornaro, 2016. "Stagnation traps," CEP Discussion Papers dp1405, Centre for Economic Performance, LSE.
- Yunhee Park & Hyun-Jung Yun, 2020. "A Multilevel Investigation of Fall Prevention Behavior Among Nursing Staff of South Korean Geriatric Hospitals," Global Journal of Health Science, Canadian Center of Science and Education, vol. 12(10), pages 1-97, September.
- Michael L. Marlow, 2008. "Honestly, Who Else Would Fund Such Research? Reflections of a Non-Smoking Scholar," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 240-268, May.
- Achim Truger, 2021. "Reform der EU-Fiskalregeln nach Corona wichtiger denn je," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(2), pages 94-98, February.
- Hyun Min Oh & Sam Bock Park & Hee Young Ma, 2020. "Corporate Sustainability Management, Earnings Transparency, and Chaebols," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
- Vellingiri Vadivel & Pemaiah Brindha, 2017. "Wound Healing Potential of Ipomoea carnea Jacq.: An Un-Explored Herb Used in Indian Traditional System of Medicine," Global Journal of Pharmacy & Pharmaceutical Sciences, Juniper Publishers Inc., vol. 3(1), pages 1-5, June.
- Aldo Alvarez-Risco & Sabina Mlodzianowska & Verónica García-Ibarra & Marc A. Rosen & Shyla Del-Aguila-Arcentales, 2021. "Factors Affecting Green Entrepreneurship Intentions in Business University Students in COVID-19 Pandemic Times: Case of Ecuador," Sustainability, MDPI, vol. 13(11), pages 1-16, June.
- Christopher Erceg & Jesper Lindé, 2014.
"Is There A Fiscal Free Lunch In A Liquidity Trap?,"
Journal of the European Economic Association, European Economic Association, vol. 12(1), pages 73-107, February.
- Jesper Linde & Christopher J. Erceg, 2010. "Is There a Fiscal Free Lunch in a Liquidity Trap?," 2010 Meeting Papers 380, Society for Economic Dynamics.
- Linde, Jesper & Erceg, Christopher, 2010. "Is There a Fiscal Free Lunch in a Liquidity Trap?," CEPR Discussion Papers 7624, C.E.P.R. Discussion Papers.
- Christopher J. Erceg & Jesper Lindé, 2010. "Is there a fiscal free lunch in a liquidity trap?," International Finance Discussion Papers 1003, Board of Governors of the Federal Reserve System (U.S.).
- Yingyos Leechaianan & Dennis R. Longmire, 2013. "The Use of the Death Penalty for Drug Trafficking in the United States, Singapore, Malaysia, Indonesia and Thailand: A Comparative Legal Analysis," Laws, MDPI, vol. 2(2), pages 1-35, June.
- Takayuki Hayashi & Yuko Fujigaki, 1999. "Differences in knowledge production between disciplines based on analysis of paper styles and citation patterns," Scientometrics, Springer;Akadémiai Kiadó, vol. 46(1), pages 73-86, September.
- Dennis Tamesberger & Johann Bacher, 2020. "COVID-19 Crisis: How to Avoid a ‘Lost Generation’," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 232-238, July.
More about this item
Keywords
money demand; lower interest rate bound; deflation; expectations; monetary policy;All these keywords.
JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pfq:journl:v:66:y:2021:i:1:p:50-67. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam Hoffmann (email available below). General contact details of provider: https://edirc.repec.org/data/bkeeehu.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.