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Gärtner, Manfred; Jung, Florian - 2009

markets may drive economies into recessions, it shows the following: (1) Liquidity traps may occur not only when interest … flexible exchange rates when the country is stuck in a liquidity trap; (3) Near the fringe of liquidity traps, the risk arises …

Persistent link: https://www.econbiz.de/10003885838

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Ihori, Toshihiro (contributor); … - 2005

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Depression ; expectations ; deflation ; zero bound ; liquidity trap …

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Linnemann, Ludger; Schabert, Andreas - 2008

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Dolado, Juan J.; Motyovszki, Gergö; Pappa, Euē - 2018

In order to improve our understanding of the channels through which monetary policy has distributional consequences, we build a New Keynesian model with incomplete asset markets, asymmetric search and matching (SAM) frictions across skilled and unskilled workers and, foremost, capital-skill...

Persistent link: https://www.econbiz.de/10011853562