References contributed by pco326-3195831
Acharya, S., Bengui, J., 2018. Liquidity traps, capital flows. J. Int. Econ. 114, 276–298. Alvarez, L., Dhyne, E., Hoeberichts, M., Kwapil, C., Le Bihan, H., Lünnemann, P., Martins, F., Sabbatini, R., Stahl, H., Vermeulen, P., Vilmunen, J., 2006. Sticky prices in the Euro Area: A summary of new micro-evidence. J. Eur. Econ. Assoc. 4, 575–584.
Andrade, P., Galí, J., Bihan, H.L., Matheron, J., 2019. The optimal inflation target and the natural rate of interest. Brook. Pap. Econ. Activity Fall 2019, 173–230 2019.
Andrade, P., Galí, J., Bihan, H.L., Matheron, J., 2021. Should the ECB adjust its strategy in the face of a lower natural rate of interest?. Forthcoming, J. Econ. Dyn. Control.
Arifovic, J., Schmitt-Grohé, S., Uribe, M., 2018. Learning to live in a liquidity trap. J. Econ. Dyn. Control. 89, 120–136.
Aruoba, B., Cuba-Borda, P., Schorfheide, F., 2018. Macroeconomic dynamics near the ZLB: a tale of two countries. Rev. Econ. Stud. 85, 87–118.
Backus, D., Kehoe, P., Kydland, F., 1994. Dynamics of the trade balance and the terms of trade: the J-curve? Am. Econ. Rev. 84, 84–103.
Backus, D., Smith, G., 1993. Consumption and real exchange rates in dynamic economies with non-traded goods. J. Int. Econ. 35, 297–316.
Badarau, C., Sangaré, I., 2019. Exchange rate regimes in a liquidity trap. J. Int. Money Financ. 93, 55–80.
Balfoussia, H., Dellas, H., Papageorgiou, D., Vourvachaki, E., 2020. How Does the ZLB Affect the Properties of Alternative Exchange Rate Systems?. Bank of Greece Working Paper.
Barthélemy, J., Marx, M., 2019. Monetary policy switching and indeterminacy. Quant. Econ. 10, 352–385.
Benhabib, J., Schmitt-Grohé, S., Uribe, M., 2001a. The perils of Taylor rules. J. Econ. Theory. 96, 40–69.
Benhabib, J., Schmitt-Grohé, S., Uribe, M., 2001b. Monetary policy and multiple equilibria. Am. Econ. Rev. 91, 167–186.
Benhabib, J., Schmitt-Grohé, S., Uribe, M., 2002a. Avoiding liquidity traps. J. Political Econ. 110, 535–563.
Benhabib, J., Schmitt-Grohé, S., Uribe, M., 2002b. Chaotic interest-rate rules. Am. Econ. Rev. 92, 72–78.
- Benigno, G., Fornaro, L., 2018. Stagnation traps. Rev. Econ. Stud. 85, 1425–1470.
Paper not yet in RePEc: Add citation now
Bianchi, J., Coulibaly, L., 2021. Liquidity traps, prudential policies and international spillovers. Working Paper, Minneapolis Fed.
Blanchard, O., Erceg, C., Lindé, J., 2016. Jump-starting the euro area recovery: would a rise in core fiscal spending help the periphery? NBER Macroecon. Annu. 31, 103–182.
Bussière, M., Callegari, G., Ghironi, F., Sestieri, G., Yamano, N., 2013. Estimating trade elasticities: demand composition and the trade collapse of 20 08-20 09. Am. Econ. J. Macroecon. 5, 118–151.
Calvo, G., 1983. Staggered prices in a utility-maximizing framework. J. Monet. Econ. 12, 383–398.
Cho, S., 2016. Sufficient conditions for determinacy in a class of Markov-switching rational expectations models. Rev. Econ. Dyn. 21, 182–200.
Cho, S., Moreno, A., 2011. The forward method as a solution refinement in rational expectations models. J. Econ. Dyn. Control 35, 257–272.
Christiano, L., Eichenbaum, M., Rebelo, S., 2011. When is the government spending multiplier large? J. Political Econ. 119, 78–121.
Cochrane, J., 2017. The new Keynesian liquidity trap. J. Monet. Econ. 92, 47–63.
Coenen, G., Montes-Galdon, C., Schmidt, S., 2021. Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment. Forthcoming. J. Econ. Dyn. Control.
Cole, H., Obstfeld, M., 1991. Commodity trade and international risk sharing. J. Monet. Econ. 28, 3–24.
Cook, D., Devereux, M., 2013. Sharing the burden: monetary and fiscal responses to a world liquidity trap. American Economic Journal: Macroeconomics 5, 190–228.
Cook, D., Devereux, M., 2016. Exchange rate flexibility under the zero lower bound. J. Int. Econ. 101, 52–69.
Corsetti, G., Mavroeidi, E., Thwaites, G., Wolf, M., 2018. Step away from the zero lower bound: small open economies in a world of secular stagnation. J. Int. Econ. 116, 88–102.
- Eggertsson, G., 2010. The paradox of toil. Staff Report 433. Federal Reserve Bank of New York.
Paper not yet in RePEc: Add citation now
Eggertsson, G., Krugman, P., 2012. Debt, deleveraging, and the liquidity trap: a Fisher-Minsky-Koo approach. Q. J. Econ. 127, 1469–1513.
Eggertsson, G., Woodford, M., 2003. The zero bound on interest rates and optimal monetary policy. Brook. Pap. Econ. Act 1, 139–211 2003.
Erceg, C., Jakab, Z., Lindé, J., 2021. Monetary policy strategies for the European Central bank. Forthcoming,. J. Econ. Dyn. Control.
Erceg, C., Lindé, J., 2010. Asymmetric shocks in a currency union with monetary and fiscal handcuffs. NBER Int. Semin. Macroecon. 7, 95–136.
Farhi, E., Caballero, R., Gourinchas, P.O., 2020. Global imbalances and policy wars at the zero lower bound. CEPR Discussion Paper 14424.
Farhi, E., Werning, I., 2016. Fiscal multipliers: liquidity traps and currency unions. In: Taylor, J., Uhlig, H. (Eds.), Handbook of Macroeconomics. Elsevier, pp. 2417–2492 Vol. 2B.
Farmer, R., Kharamov, V., Nicolò, G., 2015. Solving and estimating indeterminate DSGE models. J. Econ. Dyn. Control 54, 17–36.
Farmer, R., Waggoner, D., Zha, T., 2010. Generalizing the Taylor principle: comment. Am. Econ. Rev. 100, 608–617.
Fornaro, L., Romei, F., 2019. The paradox of global thrift. Am. Econ. Rev. 109, 3745–3779.
Fujiwara, I., Ueda, K., 2013. The fiscal multiplier and spillover in a global liquidity trap. J. Econ. Dyn. Control 37, 1264–1283.
Giovannini, M., Hohberger, S., Kollmann, R., Ratto, M., Roeger, W., Vogel, L., 2019. Euro Area and U.S. external adjustment: the role of commodity prices and emerging market shocks. J. Int. Money Finance 94, 183–205.
Gomez, S., Jacquinot, P., Mestre, R., Sousa, J., 2015. Global policy at the zero lower bound in a large-scale DSGE model. J. Int. Money Finance 50, 134–153.
- Hicks, J., 1937. Mr. Keynes and the Classics: a suggested interpretation. Econometrica 5, 147–159.
Paper not yet in RePEc: Add citation now
Holden, T., 2016. Computation of solutions to dynamic models with occasionally binding constraints. Working Paper.
Holden, T., 2019. Existence and uniqueness of solutions to dynamic models with occasionally binding constraints. Deutsche Bundesbank Working Paper.
- Jeanne, O., 2009. Global liquidity traps, Working Paper.
Paper not yet in RePEc: Add citation now
Jeanne, O., 2010. La trappe à liquidité globale. Rev. Econ. 61, 395–406.
- Keynes, J.M., 1936. The general theory of employment, interest and money. Macmillan, London.
Paper not yet in RePEc: Add citation now
King, R., Rebelo, S., 1999. Resuscitating real business cycles. In: Taylor, J., Woodford, M. (Eds.), Handbook of Macroeconomics. Elsevier, pp. 927–1007 Vol. 1B.
Kollmann, R., 1991. Essays on international business cycles. PhD dissertation. Economics Department, University of, Chicago.
Kollmann, R., 1995. Consumption, real exchange rates and the structure of international asset markets. J. Int Money Finance 14, 191–211.
Kollmann, R., 2001. The exchange rate in a dynamic-optimizing business cycle model with nominal rigidities: a quantitative investigation. J. Int. Econ. 55, 243–262.
Kollmann, R., 2002. Monetary policy rules in the open economy: effects on welfare and business cycles. J. Monet. Econ. 49, 989–1015.
Kollmann, R., 2004. Welfare effects of a monetary union. J. Eur. Econ. Assoc. 2, 289–301.
Kollmann, R., 2021. Liquidity traps in a monetary union. Forthcoming, Oxford Economic Papers.
Kollmann, R., Ratto, M., Roeger, W., In ’t Veld, J., Vogel, L., 2015. What drives the German current account? And how does it affect other EU member states? Econ. Policy 40, 47–93.
- Krugman, P., 1998. It’s baaack: Japan’s slump and the return of the liquidity trap. Brookings Pap Econ Act 2, 137–205.
Paper not yet in RePEc: Add citation now
Lubik, T., Schorfheide, F., 2003. Computing sunspot equilibria in linear rational expectations models. J. Econ. Dyn. Control 28, 273–285.
Lubik, T., Schorfheide, F., 2004. Testing for indeterminacy: an application to U.S. monetary policy. Am. Econ. Rev. 94, 190–217.
Maliar, L., Taylor, J., 2019. Forward guidance: is it useful away from the lower bound? NBER Working Paper 26053.
Mertens, K., Ravn, M., 2014. Fiscal policy in an expectations-driven liquidity trap. Rev. Econ. Stud. 81, 1637–1667.
Nakata, T., Schmidt, S., 2020. Expectations-driven liquidity traps: implications for monetary and fiscal policy. CEPR Discussion Paper 15422.
Neusser, K., 2019. Time-varying rational expectations models. J. Econ. Dyn. Control 107, 1–17.
- Roeger, W., 2015. The fiscal multiplier and the duration of the ZLB constraint. European Commission Working Paper.
Paper not yet in RePEc: Add citation now
Troy, D., Leeper, E., 2007. Generalizing the Taylor principle. Am. Econ. Rev. 97, 607–635. Troy, D., Leeper, E., 2010. Generalizing the Taylor principle: reply. Am. Econ. Assoc. 200, 618–624.