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Citations for "It's Baaack: Japan's Slump and the Return of the Liquidity Trap"

by Paul R. Krugman

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  1. Iwata, Shigeru & Wu, Shu, 2006. "Estimating monetary policy effects when interest rates are close to zero," Journal of Monetary Economics, Elsevier, Elsevier, vol. 53(7), pages 1395-1408, October.
  2. Roberto M. Billi, 2005. "The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2005, Society for Computational Economics 25, Society for Computational Economics.
  3. Takatoshi Ito & Tomoyoshi Yabu, 2004. "What Prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function," NBER Working Papers 10456, National Bureau of Economic Research, Inc.
  4. Jan Jacobs & Jan Kakes, 2000. "Credit demand asymmetry in the Netherlands 1983-1997," MEB Series (discontinued), Netherlands Central Bank, Monetary and Economic Policy Department 2000-11, Netherlands Central Bank, Monetary and Economic Policy Department.
  5. C.A. Ullersma, 2001. "The Zero Lower Bound on Nominal Interest Rates and Monetary Policy Effectiveness: a Survey," MEB Series (discontinued), Netherlands Central Bank, Monetary and Economic Policy Department 2001-9, Netherlands Central Bank, Monetary and Economic Policy Department.
  6. Lawrence J. Christiano & Terry J. Fitzgerald, 2003. "Inflation and monetary policy in the twentieth century," Economic Perspectives, Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago, issue Q I, pages 22-45.
  7. Guido Ascari & Argia M. Sbordone, 2013. "The macroeconomics of trend inflation," Staff Reports, Federal Reserve Bank of New York 628, Federal Reserve Bank of New York.
  8. Bennett T. McCallum, 2000. "Theoretical analysis regarding a zero lower bound on nominal interest rates," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, pages 870-935.
  9. Willem H. Buiter & Anne C. Sibert, 2004. "Deflationary Bubbles," NBER Working Papers 10642, National Bureau of Economic Research, Inc.
  10. Alstadheim Ragna & Henderson Dale W., 2006. "Price-Level Determinacy, Lower Bounds on the Nominal Interest Rate, and Liquidity Traps," The B.E. Journal of Macroeconomics, De Gruyter, De Gruyter, vol. 6(1), pages 1-27, November.
  11. Alan J. Auerbach & Maurice Obstfeld, 2003. "The Case for Open-Market Purchases in a Liquidity Trap," NBER Working Papers 9814, National Bureau of Economic Research, Inc.
  12. Cook, David & Devereux, Michael B., 2011. "Optimal fiscal policy in a world liquidity trap," European Economic Review, Elsevier, Elsevier, vol. 55(4), pages 443-462, May.
  13. Watzka, Sebastian & Schenkelberg, Heike, 2011. "Real effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-based evidence from Japan," Munich Reprints in Economics, University of Munich, Department of Economics 19697, University of Munich, Department of Economics.
  14. Steven Ambler, 2014. "Price-Level Targeting: A Post-Mortem?," C.D. Howe Institute Commentary, C.D. Howe Institute, C.D. Howe Institute, issue 400, February.
  15. Peter N. Ireland, 2005. "The Liquidity Trap, The Real Balance Effect, And The Friedman Rule ," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(4), pages 1271-1301, November.
  16. Laxton, Douglas & N'Diaye, Papa & Pesenti, Paolo, 2006. "Deflationary shocks and monetary rules: An open-economy scenario analysis," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 665-698, December.
  17. Lawrence J. Christiano & Roberto Motto, 2004. "The Great Depression and the Friedman-Schwartz Hypothesis," Computing in Economics and Finance 2004, Society for Computational Economics 169, Society for Computational Economics.
  18. Pierre L. Siklos & Yang Zhang, 2007. "Identifying the Shocks Driving Inflation in China," Working Paper Series, The Rimini Centre for Economic Analysis 34-07, The Rimini Centre for Economic Analysis, revised Jul 2007.
  19. Assenmacher-Wesche, Katrin & Gerlach, Stefan & Sekine, Toshitaka, 2007. "Monetary factors and inflation in Japan," IMFS Working Paper Series, Institute for Monetary and Financial Stability (IMFS), Goethe University Frankfurt 13, Institute for Monetary and Financial Stability (IMFS), Goethe University Frankfurt.
  20. Clouse James & Henderson Dale & Orphanides Athanasios & Small David H. & Tinsley P.A., 2003. "Monetary Policy When the Nominal Short-Term Interest Rate is Zero," The B.E. Journal of Macroeconomics, De Gruyter, De Gruyter, vol. 3(1), pages 1-65, September.
  21. Okano, Eiji, 2007. "Inflation-output trade-offs in an optimization-based econometric framework applied to an open economy: The case of Japan," Journal of Asian Economics, Elsevier, Elsevier, vol. 18(1), pages 98-124, February.
  22. Rod Tyers & Ying Zhang, 2011. "Japan's Economic Recovery: Insights from Multi-Region Dynamics," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics 11-13, The University of Western Australia, Department of Economics.
  23. Anton Korinek & Alp Simsek, 2014. "Liquidity Trap and Excessive Leverage," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum 1410, Koc University-TUSIAD Economic Research Forum.
  24. Oren Levintal, 2012. "Equity Capital, Bankruptcy Risk and the Liquidity Trap," Working Papers, Bar-Ilan University, Department of Economics 2012-07, Bar-Ilan University, Department of Economics.
  25. N. Gregory Mankiw & Matthew C. Weinzierl, 2011. "An Exploration of Optimal Stabilization Policy," NBER Working Papers 17029, National Bureau of Economic Research, Inc.
  26. Yu-chin Chen & Pisut Kulthanavit, 2008. "Adaptive Learning and Monetary Policy: Lessons from Japan," Working Papers, University of Washington, Department of Economics UWEC-2008-12-P, University of Washington, Department of Economics, revised Oct 2008.
  27. Jean-Paul Fitoussi & Jean-Luc Gaffard, 2001. "Asset Valuation, Liquidity Issues, and Growth Regimes. Financial Markets, the New Economy and Growth, 13th Villa Mondragone International Economic Seminar, CEIS University of Rome ‘Tor Vergata’, J," Sciences Po publications, Sciences Po info:hdl:2441/5573, Sciences Po.
  28. Lars E.O. Svensson, 2002. "Monetary Policy and Real Stabilization," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. 119, Princeton University, Department of Economics, Center for Economic Policy Studies..
  29. Klaus Adam & Roberto M. Billi, 2005. "Optimal monetary policy under commitment with a zero bound on nominal interest rates," Research Working Paper, Federal Reserve Bank of Kansas City RWP 05-07, Federal Reserve Bank of Kansas City.
  30. Ngoc-Sang Pham, 2013. "Collateral monetary equilibrium with liquidity constraints in an infinite horizon economy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL halshs-00848057, HAL.
  31. Adam, Klaus & Billi, Roberto M., 2005. "Discretionary monetary policy and the zero lower bound on nominal interest rates," CFS Working Paper Series, Center for Financial Studies (CFS) 2005/16, Center for Financial Studies (CFS).
  32. Orphanides, Athanasios, 2004. "Monetary policy in deflation: the liquidity trap in history and practice," The North American Journal of Economics and Finance, Elsevier, Elsevier, vol. 15(1), pages 101-124, March.
  33. repec:spo:wpecon:info:hdl:2441/5573 is not listed on IDEAS
  34. Elisa Keller, 2007. "Classical and Bayesian Methods for the VAR Analysis: International Comparisons," Rivista di Politica Economica, SIPI Spa, SIPI Spa, vol. 97(6), pages 149-202, November-.
  35. Svensson, Lars E O, 2000. "The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2566, C.E.P.R. Discussion Papers.
  36. Aoki, Masanao & Yoshikawa, Hiroshi, 2006. "Uncertainty, policy ineffectiveness, and long stagnation of the macroeconomy," Japan and the World Economy, Elsevier, Elsevier, vol. 18(3), pages 261-272, August.
  37. repec:esr:chaptr:jacb199913 is not listed on IDEAS
  38. Luca Fornaro, 2012. "International debt deleveraging," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 1401, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2013.
  39. McGough, Bruce & Rudebusch, Glenn D. & Williams, John C., 2005. "Using a long-term interest rate as the monetary policy instrument," Journal of Monetary Economics, Elsevier, Elsevier, vol. 52(5), pages 855-879, July.
  40. Gauti B. Eggertsson, 2005. "Great expectations and the end of the depression," Staff Reports, Federal Reserve Bank of New York 234, Federal Reserve Bank of New York.
  41. Alan Ahearne & Joseph Gagnon & Jane Haltmaier & Steve Kamin ... [et al.]., 2002. "Preventing deflation: lessons from Japan's experience in the 1990s," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 729, Board of Governors of the Federal Reserve System (U.S.).
  42. R. Anton Braun & Yuichiro Waki, 2005. "Monetary Policy during Japan's Lost Decade," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo CIRJE-F-343, CIRJE, Faculty of Economics, University of Tokyo.
  43. Michael Funke, 2005. "Inflation in Mainland China - Modelling a Roller Coaster Ride," Quantitative Macroeconomics Working Papers, Hamburg University, Department of Economics 20507, Hamburg University, Department of Economics.
  44. Kazuo Ueda, 2011. "The Effectiveness of Non-traditional Monetary Policy Measures: The Case of the Bank of Japan," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo CIRJE-F-814, CIRJE, Faculty of Economics, University of Tokyo.
  45. Olivier Jeanne & Lars E.O. Svensson, 2004. "Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank," NBER Working Papers 10679, National Bureau of Economic Research, Inc.
  46. Jess Benhabib & Mark M. Spiegel, 2009. "Moderate Inflation and the Deflation-Depression Link," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 41(4), pages 787-798, 06.
  47. Ulrich van Suntum & Metin Kaptan & Cordelius Ilgmann, . "Reducing the lower bound on market interest rates," Working Papers, Institute of Spatial and Housing Economics, Munster Universitary 200103, Institute of Spatial and Housing Economics, Munster Universitary.
  48. Benhabib, Jess & Schmitt-Grohe, Stephanie & Uribe, Martin, 1998. "The Perils of Taylor Rules," Working Papers, C.V. Starr Center for Applied Economics, New York University 98-37, C.V. Starr Center for Applied Economics, New York University.
  49. Driffill, John & Miller, Marcus, 2011. "Liquidity When It Matters Most: QE and Tobin’s q," CEPR Discussion Papers, C.E.P.R. Discussion Papers 8511, C.E.P.R. Discussion Papers.
  50. Eggertsson, Gauti & Ferrero, Andrea & Raffo, Andrea, 2014. "Can structural reforms help Europe?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 61(C), pages 2-22.
  51. Peter Skott & Takeshi Nakatani, 2006. "Japanese growth and stagnation: a Keynesian perspective," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics 2006-04, University of Massachusetts Amherst, Department of Economics.
  52. Athanasios Orphanides & Volker Wieland, 1999. "Efficient monetary policy design near price stability," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 1999-67, Board of Governors of the Federal Reserve System (U.S.).
  53. Sergio Clavijo, . "Reflexiones Sobre Política Monetaria e "Inflación Objetivo" en Colombia," Borradores de Economia, Banco de la Republica de Colombia 141, Banco de la Republica de Colombia.
  54. Nicoletta Batini & Anthony Yates, 2001. "Hybrid inflation and price level targeting," Bank of England working papers, Bank of England 135, Bank of England.
  55. Peter Ireland, 2005. "EconomicDynamics Interviews Peter Ireland on Money and the Business Cycle," EconomicDynamics Newsletter, Review of Economic Dynamics, Review of Economic Dynamics, vol. 7(1), November.
  56. Evans, George W & Guse, Eran & Honkapohja, Seppo, 2007. "Liquidity Traps, Learning and Stagnation," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6355, C.E.P.R. Discussion Papers.
  57. Joerg Bibow, 2004. "Fiscal Consolidation Contrasting Strategies & Lessons from International Experience," Macroeconomics, EconWPA 0402014, EconWPA.
  58. Michael B. Devereux & James Yetman, 2014. "Capital Controls, Global Liquidity Traps, and the International Policy Trilemma," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 116(1), pages 158-189, 01.
  59. Rodolphe Dos Santos Ferreira, 2013. "Mr. Keynes, the Classics and the new Keynesians: A suggested formalization," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg 2013-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  60. Nakajima, Tomoyuki, 2008. "Liquidity trap and optimal monetary policy in open economies," Journal of the Japanese and International Economies, Elsevier, vol. 22(1), pages 1-33, March.
  61. Harashima, Taiji, 2013. "Escaping a Liquidity Trap: Keynes’ Prescription Is Right But His Reasoning Is Wrong," MPRA Paper 48115, University Library of Munich, Germany.
  62. Lars E.O. Svensson, 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," NBER Working Papers 10195, National Bureau of Economic Research, Inc.
  63. Coenen, Günter & Wieland, Volker, 2003. "The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3895, C.E.P.R. Discussion Papers.
  64. Jasmine Zheng, 2013. "Effects of US Monetary Policy Shocks During Financial Crises - A Threshold Vector Autoregression Approach," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University 2013-64, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  65. David Cook & Michael B. Devereux, 2013. "The Optimal Currency Area in a Liquidity Trap," NBER Working Papers 19588, National Bureau of Economic Research, Inc.
  66. Duffy, David, 1999. "Budget 2000: A Macroeconomic Perspective," Papers, Economic and Social Research Institute (ESRI) BP2000/1, Economic and Social Research Institute (ESRI).
  67. Robert M. Solow, 2000. "Toward a Macroeconomics of the Medium Run," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 14(1), pages 151-158, Winter.
  68. Philippe Bacchetta & Eric van Wincoop, 2013. "The Great Recession: A Self-Fulfilling Global Panic," Working Papers, Hong Kong Institute for Monetary Research 092013, Hong Kong Institute for Monetary Research.
  69. Bayoumi, Tamim, 2000. "The Morning After: Explaining The Slowdown In Japanese Growth In The 1990s," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2436, C.E.P.R. Discussion Papers.
  70. Julien Albertini & Arthur Poirier, 2014. "Unemployment benefits extensions at the zero lower bound on nominal interest rate," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2014-019, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  71. Alan S. Blinder, 2010. "Quantitative Easing: Entrance and Exit Strategies," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. 1219, Princeton University, Department of Economics, Center for Economic Policy Studies..
  72. Anton Nakov, 2008. "Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate," International Journal of Central Banking, International Journal of Central Banking, International Journal of Central Banking, vol. 4(2), pages 73-127, June.
  73. Callan, Tim & Nolan, Brian & Walsh, John R., 1998. "Income Tax and Social Welfare Policies," Papers, Economic and Social Research Institute (ESRI) BP1999/2, Economic and Social Research Institute (ESRI).
  74. Mitsuru Iwamura & Takeshi Kudo & Tsutomu Watanabe, 2005. "Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999-2004," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 05009, Research Institute of Economy, Trade and Industry (RIETI).
  75. Ben S. Bernanke & Vincent R. Reinhart & Brian P. Sack, 2004. "Monetary policy alternatives at the zero bound: an empirical assessment," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2004-48, Board of Governors of the Federal Reserve System (U.S.).
  76. Bennett T. McCallum, 2005. "A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap," NBER Working Papers 11056, National Bureau of Economic Research, Inc.
  77. Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Avoiding Liquidity Traps," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 110(3), pages 535-563, June.
  78. Bennett T. McCallum, 2001. "Inflation Targeting and the Liquidity Trap," Working Papers Central Bank of Chile, Central Bank of Chile 112, Central Bank of Chile.
  79. Suzan Hol, 2006. "Determinants of long-term interest rates in the Scandinavian countries," Discussion Papers, Research Department of Statistics Norway 469, Research Department of Statistics Norway.
  80. Gauti B. Eggertsson, 2011. "Fiscal Multipliers and Policy Coordination," Working Papers Central Bank of Chile, Central Bank of Chile 628, Central Bank of Chile.
  81. Prashanth Mahagaonkar & Rainer Schweickert & Aditya S. Chavali, 2009. "Sectoral R&D Intensity and Exchange Rate Volatility: A Panel Study for OECD Countries," Kiel Working Papers, Kiel Institute for the World Economy 1531, Kiel Institute for the World Economy.
  82. Mitsuru Iwamara & Takeshi Kudo & Tsutomu Watanabe, 2005. "Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999-2004," NBER Working Papers 11151, National Bureau of Economic Research, Inc.
  83. Voutsinas, Konstantinos & Werner, Richard A., 2011. "New evidence on the effectiveness of "Quantitative Easing" in Japan," CFS Working Paper Series, Center for Financial Studies (CFS) 2011/30, Center for Financial Studies (CFS).
  84. Asada, Toichiro, 2006. "Stabilization policy in a Keynes-Goodwin model with debt accumulation," Structural Change and Economic Dynamics, Elsevier, Elsevier, vol. 17(4), pages 466-485, December.
  85. Baltensperger, Ernst & Fischer, Andreas M. & Jordan, Thomas J., 2007. "Strong goal independence and inflation targets," European Journal of Political Economy, Elsevier, Elsevier, vol. 23(1), pages 88-105, March.
  86. Reifschneider, David L. & Roberts, John M., 2006. "Expectations formation and the effectiveness of strategies for limiting the consequences of the zero bound," Journal of the Japanese and International Economies, Elsevier, vol. 20(3), pages 314-337, September.
  87. Kulish Mariano, 2007. "Should Monetary Policy Use Long-Term Rates?," The B.E. Journal of Macroeconomics, De Gruyter, De Gruyter, vol. 7(1), pages 1-26, July.
  88. Volker Wieland (Goethe University Frankfurt) & Günter Coenen (European Central Bank), 2004. "Exchange Rate Policy and the Zero Bound on Nominal Interest Rates," Computing in Economics and Finance 2004, Society for Computational Economics 65, Society for Computational Economics.
  89. Wieland, Volker, 2009. "Quantitative easing: A rationale and some evidence from Japan," CFS Working Paper Series, Center for Financial Studies (CFS) 2009/30, Center for Financial Studies (CFS).
  90. Alexandru Ciungu, 2012. "Inflation targeting, the zero lower bound and post-crisis monetary policy," Post-Print, HAL dumas-00801712, HAL.
  91. Luis F. Céspedes & Javier García-Cicco & Diego Saravia, 2013. "Monetary Policy at the Zero Lower Bound: The Chilean Experience," Working Papers Central Bank of Chile, Central Bank of Chile 712, Central Bank of Chile.
  92. Nagayasu, Jun, 2007. "Empirical analysis of the exchange rate channel in Japan," Journal of International Money and Finance, Elsevier, Elsevier, vol. 26(6), pages 887-904, October.
  93. Gauti Eggertsson & Marc P. Giannoni, 2013. "The inflation-output trade-off revisited," Staff Reports, Federal Reserve Bank of New York 608, Federal Reserve Bank of New York.
  94. Gauti B. Eggertsson, 2012. "Was the New Deal Contractionary?," American Economic Review, American Economic Association, American Economic Association, vol. 102(1), pages 524-55, February.
  95. Magnus Blomstrum & Byron Gangnes & Sumner La Croix, 2000. "The Tradition of Change in Japan," Working Papers, University of Hawaii at Manoa, Department of Economics 200011, University of Hawaii at Manoa, Department of Economics.
  96. Gerhard Illing & Thomas Siemsen, 2014. "Forward Guidance in a Simple Model with a Zero Lower Bound," CESifo Working Paper Series, CESifo Group Munich 4702, CESifo Group Munich.
  97. Wolman, Alexander L, 2005. "Real Implications of the Zero Bound on Nominal Interest Rates," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 37(2), pages 273-96, April.
  98. Shimasawa, Manabu & Sadahiro, Akira, 2009. "Policy reform and optimal inflation rate for Japan in computable OLG economy," Economic Modelling, Elsevier, Elsevier, vol. 26(2), pages 379-384, March.
  99. Coenen, Guenter & Wieland, Volker, 2003. "The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan," CFS Working Paper Series, Center for Financial Studies (CFS) 2003/09, Center for Financial Studies (CFS).
  100. Bartosz Mackowiak, 2005. "What does the Bank of Japan do to East Asia?," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2005-059, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  101. Fujiwara, Ippei & Hara, Naoko & Yoshimura, Kentaro, 2006. "Effectiveness of state-contingent monetary policy under a liquidity trap," Journal of the Japanese and International Economies, Elsevier, vol. 20(3), pages 364-379, September.
  102. Fujiwara, Ippei & McAdam, Peter & Roberts, John M., 2006. "Monetary policy at the zero interest bound: A model comparison exercise," Journal of the Japanese and International Economies, Elsevier, vol. 20(3), pages 305-313, September.
  103. Michael Woodford, 1999. "Commentary : how should monetary policy be conducted in an era of price stability?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, pages 277-316.
  104. Michael Woodford, 2005. "Central Bank Communication and Policy Effectiveness," NBER Working Papers 11898, National Bureau of Economic Research, Inc.
  105. Ryu-ichiro Murota & Yoshiyasu Ono, 2009. "Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap," ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 0748, Institute of Social and Economic Research, Osaka University.
  106. Buiter, Willem H, 2001. "The Liquidity Trap in an Open Economy," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2923, C.E.P.R. Discussion Papers.
  107. Rym Aloui & Michel Guillard, 2009. "A Simple “Public Debt-Deflation” Theory: Leeper revisited," Documents de recherche, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne 09-11, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  108. Kenneth Lewis & Laurence Seidman, 2006. "Overcoming the Zero Interest-Rate Bound: A Quantitative Prescription," Working Papers, University of Delaware, Department of Economics 06-14, University of Delaware, Department of Economics.
  109. Matthew D. Raskin, 2013. "The effects of the Federal Reserve's date-based forward guidance," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2013-37, Board of Governors of the Federal Reserve System (U.S.).
  110. Levine, Paul & McAdam, Peter & Pearlman, Joseph G., 2007. "Quantifying and sustaining welfare gains from monetary commitment," Working Paper Series, European Central Bank 0709, European Central Bank.
  111. Buiter, Willem H & Panigirtzoglou, Nikolaos, 1999. "Liquidity Traps: How to Avoid Them and How to Escape Them," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2203, C.E.P.R. Discussion Papers.
  112. Manfred Gärtner & Florian Jung, 2009. "The macroeconomics of financial crises: How risk premiums, liquidity traps and perfect traps affect policy options," University of St. Gallen Department of Economics working paper series 2009, Department of Economics, University of St. Gallen 2009-15, Department of Economics, University of St. Gallen.
  113. Agnese, Pablo, 2013. "Offshoring and Productivity Revisited: A Time-Series Analysis," IZA Discussion Papers 7323, Institute for the Study of Labor (IZA).
  114. Keiichiro Kobayashi, 2003. "Deflation Caused by Bank Insolvency," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 03022, Research Institute of Economy, Trade and Industry (RIETI).
  115. Charles Bean, 2000. "The Australian Economic 'Miracle': A View from the North," RBA Annual Conference Volume, Reserve Bank of Australia, in: David Gruen & Sona Shrestha (ed.), The Australian Economy in the 1990s Reserve Bank of Australia.
  116. Schnell, Fabian, 2013. "Can Monetary Policy Delay the Reallocation of Capital?," Economics Working Paper Series, University of St. Gallen, School of Economics and Political Science 1329, University of St. Gallen, School of Economics and Political Science.
  117. Keiichiro Kobayashi & Masaru Inaba, 2006. "Borrowing constraints and protracted recessions," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 06011, Research Institute of Economy, Trade and Industry (RIETI).
  118. Varotto, Simone, 2012. "Stress testing credit risk: The Great Depression scenario," Journal of Banking & Finance, Elsevier, Elsevier, vol. 36(12), pages 3133-3149.
  119. David Laidler, 2004. "Monetary Policy after Bubbles Burst: The Zero Lower Bound, the Liquidity Trap and the Credit Deadlock," Canadian Public Policy, University of Toronto Press, University of Toronto Press, vol. 30(3), pages 333-340, September.
  120. Yoichi Arai & Takeo Hoshi, 2004. "Monetary Policy in the Great Recession," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 04024, Research Institute of Economy, Trade and Industry (RIETI).
  121. Palley, Thomas I., 2008. "Keynesian models of deflation and depression revisited," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 68(1), pages 167-177, October.
  122. Mervyn King, 1999. "Challenges for monetary policy : new and old," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, pages 11-57.
  123. Youngsoo Bae & Robert M. de Jong, 2007. "Money demand function estimation by nonlinear cointegration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 22(4), pages 767-793.
  124. Nicholas Oulton, 2013. "Medium and long run prospects for UK growth in the aftermath of the financial crisis," Discussion Papers, Centre for Macroeconomics (CFM) 1307, Centre for Macroeconomics (CFM).
  125. Manfred Gärtner & Florian Jung, 2010. "Clothes for the Emperor or Can Graduate Schools Learn From Undergraduate Macroeconomics?," University of St. Gallen Department of Economics working paper series 2010, Department of Economics, University of St. Gallen 2010-19, Department of Economics, University of St. Gallen.
  126. Miyagawa, Tsutomu & Ito, Yukiko & Harada, Nobuyuki, 2004. "The IT revolution and productivity growth in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(3), pages 362-389, September.
  127. Daniel Leigh, 2004. "Monetary Policy and the Dangers of Deflation:Lessons from Japan," Economics Working Paper Archive, The Johns Hopkins University,Department of Economics 511, The Johns Hopkins University,Department of Economics.
  128. Shu Wu & Shigeru Iwata, 2004. "Estimating Monetary Policy Effects When Interest Rates are Bounded at Zero," Econometric Society 2004 Far Eastern Meetings, Econometric Society 478, Econometric Society.
  129. Erten, Bilge & Ocampo, José Antonio, 2013. "Super Cycles of Commodity Prices Since the Mid-Nineteenth Century," World Development, Elsevier, Elsevier, vol. 44(C), pages 14-30.
  130. Pontiggia, D., 2012. "Optimal long-run inflation and the New Keynesian model," Journal of Macroeconomics, Elsevier, Elsevier, vol. 34(4), pages 1077-1094.
  131. Masanao Aoki, 2005. "A New Stochastic Framework for Macroeconomics: Some Illustrative Examples," UCLA Economics Online Papers, UCLA Department of Economics 355, UCLA Department of Economics.
  132. Pascha, Werner, 2002. "Wirtschaftspolitische Reformen in Japan: Kultur als Hemmschuh?," Duisburger Arbeitspapiere Ostasienwissenschaften, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST 44/2002, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
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