Jobless Recovery, Liquidity Trap, Tight Monetary Policy and the Cost Channel
Download full text from publisher
References listed on IDEAS
- Luc Laeven & Fabi√Ån Valencia, 2013.
"The Real Effects of Financial Sector Interventions during Crises,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 45(1), pages 147-177, February.
- Fabian Valencia & Luc Laeven, 2011. "The Real Effects of Financial Sector Interventions During Crises," IMF Working Papers 11/45, International Monetary Fund.
- Schmitt-Grohé, Stephanie & Uribe, Martín, 2012.
"The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery,"
CEPR Discussion Papers
9237, C.E.P.R. Discussion Papers.
- Stephanie Schmitt-Grohé & Martín Uribe, 2012. "The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery," NBER Working Papers 18544, National Bureau of Economic Research, Inc.
- Karel R. S. M. Mertens & Morten O. Ravn, 2014.
"Fiscal Policy in an Expectations-Driven Liquidity Trap,"
Review of Economic Studies,
Oxford University Press, vol. 81(4), pages 1637-1667.
- Mertens, Karel & Ravn, Morten O, 2010. "Fiscal Policy in an Expectations Driven Liquidity Trap," CEPR Discussion Papers 7931, C.E.P.R. Discussion Papers.
- Stephanie Schmitt-Grohé & Martin Uribe, 2013. "Downward Nominal Wage Rigidity and the Case for Temporary Inflation in the Eurozone," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 193-212, Summer.
- Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
- Stephanie Schmitt-Grohé & Martín Uribe, 2017. "Liquidity Traps and Jobless Recoveries," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(1), pages 165-204, January.
- McCallum, Andrew & Smets, Frank, 2007. "Real wages and monetary policy transmission in the euro area," Kiel Working Papers 1360, Kiel Institute for the World Economy (IfW).
- Shimer, Robert, 2012. "Wage rigidities and jobless recoveries," Journal of Monetary Economics, Elsevier, vol. 59(S), pages 65-77.
- Ravenna, Federico & Walsh, Carl E., 2006. "Optimal monetary policy with the cost channel," Journal of Monetary Economics, Elsevier, vol. 53(2), pages 199-216, March.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Jobless Recovery, Liquidity Trap, Tight Monetary Policy and the Cost Channel
by Christian Zimmermann in NEP-DGE blog on 2018-06-16 17:52:46
More about this item
Keywordscost channel of monetary policy; zero rates on interest rates; liquidity trap; jobless recovery; downward nominal wage rigidity; Taylor rule;
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- 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
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-CBA-2018-05-28 (Central Banking)
- NEP-DGE-2018-05-28 (Dynamic General Equilibrium)
- NEP-MAC-2018-05-28 (Macroeconomics)
- NEP-MON-2018-05-28 (Monetary Economics)
StatisticsAccess and download statistics
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:qld:uq2004:591. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SOE IT). General contact details of provider: http://edirc.repec.org/data/decuqau.html .
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 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.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.