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secular stagnation
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1
A note on temporary supply shocks with
aggregate
demand
inertia
Caballero, Ricardo J.
;
Simsek, Alp
-
2022
We study optimal monetary policy during temporary supply contractions when
aggregate
demand
has inertia and …
aggregate
demand
gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …
Persistent link: https://www.econbiz.de/10012886884
Saved in:
2
Indebted demand
Mian, Atif
;
Straub, Ludwig
;
Sufi, Amir
-
2020
aggregate
demand
, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation …
Persistent link: https://www.econbiz.de/10012199991
Saved in:
3
Credit booms, debt overhang and secular stagnation
Illing, Gerhard
;
Ono, Yoshiyasu
;
Schlegl, Matthias
-
2017
booms? We present a model of persistent
aggregate
demand
shortage based on strong liquidity preferences of households, in … booms can mask this structural
aggregate
demand
deficiency. However, the resulting debt overhang permanently depresses …
Persistent link: https://www.econbiz.de/10011774952
Saved in:
4
Supply, demand and monetary policy shocks in a multi-country New Keynesian model
Dées, Stéphane
;
Pesaran, M. Hashem
;
Smith, L. Vanessa
; …
-
2010
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10003974674
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