注册 投稿
经济金融网 中国经济学教育科研网 中国经济学年会 EFN通讯社

新凯恩斯流动性陷阱(The New-Keynesian Liquidity Trap )

文件大小:未知

级别评定:★★★★★

添加时间:2016-08-11 17:06:00

最后更新:2016-08-11 17:08:09

下载积分:0分 (只有会员文件下载时才需要相应积分验证)

总浏览:

总下载:5

发布人:george15135

  • 如果您发现该资源不能下载,请在本站论坛提出,管理员会及时处理。
  • 未经本站明确许可,任何网站不得非法盗链及抄袭本站资源。
  • 本站资源均为网友提供交流,仅供教学、研究使用,请下载后24小时内自行删除。
    0
资源简介
  • The New-Keynesian Liquidity Trap 
  •  
  • Revised again again June 2016. (A big revision). In standard solutions, new-Keynesian models produce a deep recession with deflation at the zero bound. Useless government spending, technical regress, and capital destruction have large positive multipliers. The recession, deflation and policy paradoxes are larger when prices are less sticky, and news has larger effects for events further in the future. These features are all artifacts of equilibrium selection. For the same interest-rate policy, equilibria that limit a downward jump of inflation on news of the trap, for the same interest rate policy, reverse all these predictions. They predict mild inflation, little output variation, and negative multipliers during the liquidity trap. Their predictions approach the frictionless model smoothly, and promises in the far-off future have less effect today. Fiscal theory of the price level suggests the equilibria with limited jumps and effects
资源评论

快速入口
回到顶部
深圳网站建设