Deflationary traps, agents’ beliefs and fiscal–monetary policies
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Jump, Robert Calvert & Levine, Paul, 2019.
"Behavioural New Keynesian models,"
Journal of Macroeconomics, Elsevier, vol. 59(C), pages 59-77.
- Robert Calvert Jump & Paul Levine, 2019. "Behavioural New Keynesian Models," School of Economics Discussion Papers 0219, School of Economics, University of Surrey.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Beqiraj, Elton & Di Bartolomeo, Giovanni & Di Pietro, Marco, 2019.
"Beliefs formation and the puzzle of forward guidance power,"
Journal of Macroeconomics, Elsevier, vol. 60(C), pages 20-32.
- Di Bartolomeo, Giovanni & Beqiraj, Elton & Di Pietro, Marco, 2017. "Beliefs formation and the puzzle of forward guidance power," EconStor Preprints 175198, ZBW - Leibniz Information Centre for Economics.
- Beqiraj Elton & Di Bartolomeo Giovanni & Di Pietro Marco, 2017. "Beliefs formation and the puzzle of forward guidance power," wp.comunite 00131, Department of Communication, University of Teramo.
- De Grauwe, Paul & Foresti, Pasquale, 2023.
"Interactions of fiscal and monetary policies under waves of optimism and pessimism,"
Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 466-481.
- De Grauwe, Paul & Foresti, Pasquale, 2023. "Interactions of fiscal and monetary policies under waves of optimism and pessimism," LSE Research Online Documents on Economics 119452, London School of Economics and Political Science, LSE Library.
- Dong, Xue & Minford, Patrick & Meenagh, David & Yang, Xiaoliang, 2023.
"Bounded rational expectation: How it can affect the effectiveness of monetary rules in the open economy,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
- Dong, Xue & Minford, Patrick & Meenagh, David & Yang, Xiaoliang, 2023. "Bounded Rational Expectation: How It Can Affect the Effectiveness of Monetary Rules in the Open Economy," Cardiff Economics Working Papers E2023/4, Cardiff University, Cardiff Business School, Economics Section.
- Annicchiarico, Barbara & Di Dio, Fabio & Diluiso, Francesca, 2024.
"Climate actions, market beliefs, and monetary policy,"
Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 176-208.
- Barbara Annicchiarico & Fabio Di Dio & Francesca Diluiso, 2022. "Climate Actions, Market Beliefs and Monetary Policy," CEIS Research Paper 535, Tor Vergata University, CEIS, revised 25 Mar 2022.
- Annicciarico, Barbara & Di Dio, Fabio & Dilusio, Francesca, 2022. "Climate Actions, Market Beliefs, and Monetary Policy," JRC Working Papers in Economics and Finance 2022-14, Joint Research Centre, European Commission.
- Masciandaro, Donato & Russo, Riccardo, 2024. "Monetary and macroprudential policies: How to Be green? A political-economy approach," Economic Modelling, Elsevier, vol. 141(C).
- Samuele Ridolfi, 2024. "Behavioral Macroeconomics: A Systematic Review for Policy Insights," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 8(S2), pages 35-42, December.
- Calvert Jump, Robert & Hommes, Cars & Levine, Paul, 2019.
"Learning, heterogeneity, and complexity in the New Keynesian model,"
Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 446-470.
- Robert Calvert Jump & Cars Hommes & Paul Levine, 2018. "Learning, Heterogeneity, and Complexity in the New Keynesian Model," Working Papers 20181807, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
- Franke, Reiner, 2022. "An empirical test of a fundamental Harrod-Kaldor business cycle model," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 1-14.
- De Grauwe, Paul & Foresti, Pasquale, 2020.
"Animal Spirits and Fiscal Policy,"
Journal of Economic Behavior & Organization, Elsevier, vol. 171(C), pages 247-263.
- De Grauwe, Paul & Foresti, Pasquale, 2018. "Animal Spirits and Fiscal Policy," CEPR Discussion Papers 13376, C.E.P.R. Discussion Papers.
- De Grauwe, Paul & Foresti, Pasquale, 2020. "Animal spirits and fiscal policy," LSE Research Online Documents on Economics 103500, London School of Economics and Political Science, LSE Library.
- Jonathan Leightner, 2022. "Using Variable Slope Total Derivative Estimations to Pick between and Improve Macro Models," JRFM, MDPI, vol. 15(6), pages 1-13, June.
- Chetan Dave & Marco M. Sorge, 2025.
"Fat‐tailed DSGE models: A survey and new results,"
Journal of Economic Surveys, Wiley Blackwell, vol. 39(1), pages 146-171, February.
- Dave, Chetan & Sorge, Marco, 2023. "Fat Tailed DSGE Models: A Survey and New Results," Working Papers 2023-3, University of Alberta, Department of Economics.
- Deak, S. & Levine, P. & Mirza, A. & Pearlman, J., 2019.
"Designing Robust Monetary Policy Using Prediction Pools,"
Working Papers
19/11, Department of Economics, City University London.
- Szabolcs Deák & Paul Levine & Afrasiab Mirza & Joseph Pearlman, 2019. "Designing Robust Monetary Policy Using Prediction Pools," School of Economics Discussion Papers 1219, School of Economics, University of Surrey.
- Ilabaca, Francisco & Milani, Fabio, 2021.
"Heterogeneous expectations, indeterminacy, and postwar US business cycles,"
Journal of Macroeconomics, Elsevier, vol. 68(C).
- Francisco Ilabaca & Fabio Milani, 2020. "Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles," Working Papers 192003, University of California-Irvine, Department of Economics.
- Francisco Ilabaca & Fabio Milani, 2020. "Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles," CESifo Working Paper Series 8224, CESifo.
- Robert Calvert Jump & Engelbert Stockhammer, 2023.
"Building blocks of a heterodox business cycle theory,"
Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 46(2), pages 334-358, April.
- Robert Calvert Jump & Engelbert Stockhammer, 2022. "Building blocks of a heterodox business cycle theory," Working Papers PKWP2201, Post Keynesian Economics Society (PKES).
- Olatunji Abdul Shobande & Oladimeji Tomiwa Shodipe, 2021. "Monetary Policy Interdependency in Fisher Effect: A Comparative Evidence," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(1), pages 203-226.
- Karsten Kohler & Robert Calvert Jump, 2022. "Estimating Nonlinear Business Cycle Mechanisms with Linear Vector Autoregressions: A Monte Carlo Study," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1077-1100, October.
- Deák, Szabolcs & Levine, Paul & Pham, Son T., 2024. "Simple mandates, monetary rules, and trend-inflation," Macroeconomic Dynamics, Cambridge University Press, vol. 28(4), pages 757-790, June.
- Shobande Olatunji Abdul & Shodipe Oladimeji Tomiwa, 2019. "New Keynesian Liquidity Trap and Conventional Fiscal Stance: An Estimated DSGE Model," Economics and Business, Sciendo, vol. 33(1), pages 152-169, January.
- Sorge, Marco M., 2021. "Stabilizing Taylor rules and determinacy under unit root supply shocks: A re-examination," Journal of Macroeconomics, Elsevier, vol. 68(C).
- Anderson Grajales-Olarte & Franz Hamann & Sara Naranjo-Saldarriaga & José Pulido, 2025. "Policy implications of losing credibility: Lessons from Colombia’s post-pandemic inflationary surge," Borradores de Economia 1304, Banco de la Republica de Colombia.
More about this item
Keywords
agents’ beliefs; deflationary trap; monetary–fiscal policy; zero lower bound;All these keywords.
JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2025-05-05 (Central Banking)
- NEP-DGE-2025-05-05 (Dynamic General Equilibrium)
- NEP-MAC-2025-05-05 (Macroeconomics)
- NEP-MON-2025-05-05 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:127946. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.