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Vezethet-e a válság deflációs spirálhoz?. Modellszámítások a likviditási csapdában lévő Egyesült Államokra
[Could the crisis lead to a deflationary spiral?. Modelling the United States in a liquidity trap]

Author

Listed:
  • Koppány, Krisztián

Abstract

Az Egyesült Államok pénzpiaci kamatszintje 2008 utolsó negyedéve óta gyakorlatilag nulla százalékon áll, a világ legnagyobb gazdasága likviditási csapdában van. A nominális kamatláb alsó határértékének elérése a monetáris politika lehetőségeit jelentősen korlátozza, s ez súlyos következményekkel járhat a gazdasági egyensúly és stabilitás szempontjából: egy likviditási csapdában lévő gazdaság könnyen deflációs spirálba kerülhet. Az ilyen helyzetek kialakulásának és elkerülésének lehetőségét a szerző a Közgazdasági Szemle 2007. novemberi számában tárgyalta. Az elméleti megközelítés ebben a tanulmányban empirikus elemzéssel egészül ki, amelynek során arra a kérdésre keressük a választ: vezethet-e a válság deflációs spirálhoz az Egyesült Államokban. Journal of Economic Literature (JEL) kód: E31, E52, E58.

Suggested Citation

  • Koppány, Krisztián, 2011. "Vezethet-e a válság deflációs spirálhoz?. Modellszámítások a likviditási csapdában lévő Egyesült Államokra [Could the crisis lead to a deflationary spiral?. Modelling the United States in a liquidi," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 197-228.
    • Handle: RePEc:ksa:szemle:1226
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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