Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy

Citations

Cited by:

1. Michau, Jean-Baptiste, 2025. "Fiscal policy under secular stagnation: An optimal pump-priming strategy," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
   • Jean-Baptiste MICHAU, 2020. "Fiscal Policy under Secular Stagnation: An Optimal Pump Priming Strategy," Working Papers 2020-14, Center for Research in Economics and Statistics.
2. Hecker, Dominik & Wolters, Maik H., 2025. "Nonlinear estimation of a New Keynesian model with endogenous inflation de-anchoring," IMFS Working Paper Series 222, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
3. Alessandro Piergallini, 2024. "Fiscal Stimulus of Last Resort," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(6), pages 1479-1514, September.
   • Alessandro Piergallini, 2021. "Fiscal Stimulus of Last Resort," Papers 2104.02753, arXiv.org.
4. Kollmann, Robert, 2021. "Liquidity traps in a world economy," Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
   • Robert Kollmann, 2021. "Liquidity traps in a world economy," CAMA Working Papers 2021-05, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
   • Kollmann, Robert, 2021. "Liquidity Traps in a World Economy," CEPR Discussion Papers 15631, Centre for Economic Policy Research.
   • Kollmann, Robert, 2021. "Liquidity Traps in a World Economy," MPRA Paper 105113, University Library of Munich, Germany.
   • Robert Kollmann, 2021. "Liquidity Traps in a World Economy," Working Papers ECARES 2021-02, ULB -- Universite Libre de Bruxelles.
5. Billi, Roberto & Galí, Jordi & Nakov, Anton, 2024. "Optimal monetary policy with r∗<0," Journal of Monetary Economics, Elsevier, vol. 142(C).
   • Anton Nakov & Roberto M. Billi & Jordi Galí, 2022. "Optimal Monetary Policy with r," Working Papers 1333, Barcelona School of Economics.
   • Billi, Roberto & Galí, Jordi & Nakov, Anton, 2024. "Optimal Monetary Policy with r," Working Paper Series 433, Sveriges Riksbank (Central Bank of Sweden).
   • Roberto M. Billi & Jordi Galí & Anton Nakov, 2023. "Optimal Monetary Policy with r," NBER Working Papers 31508, National Bureau of Economic Research, Inc.
6. Dominik Hecker & Maik Wolters & Maik H. Wolters, 2025. "Nonlinear Estimation of a New Keynesian Model with Endogenous Inflation De-Anchoring," CESifo Working Paper Series 12280, CESifo.
7. Yunjong Eo & Nigel Mcclung, 2025. "Determinacy and E‐Stability with Interest Rate Rules at the Zero Lower Bound," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(4), pages 951-979, June.
   • Eo, Yunjong & McClung, Nigel, 2021. "Determinacy and E-stability with interest rate rules at the zero lower bound," Bank of Finland Research Discussion Papers 14/2021, Bank of Finland.
8. Tom D. Holden, 2024. "Robust Real Rate Rules," Econometrica, Econometric Society, vol. 92(5), pages 1521-1551, September.
   • Holden, Tom D., 2022. "Robust real rate rules," Discussion Papers 42/2022, Deutsche Bundesbank.
   • Holden, Tom D., 2024. "Robust Real Rate Rules," EconStor Preprints 279481, ZBW - Leibniz Information Centre for Economics, revised 2024.
9. Robbins, Jacob A., 2026. "Expectation traps and Neo-Fisherian policy," Journal of Economic Dynamics and Control, Elsevier, vol. 183(C).
10. Hills, Timothy S. & Nakata, Taisuke & Schmidt, Sebastian, 2019. "Effective lower bound risk," European Economic Review, Elsevier, vol. 120(C).
    • Timothy S. Hills & Taisuke Nakata & Sebastian Schmidt, 2019. "Effective Lower Bound Risk," Finance and Economics Discussion Series 2019-077, Board of Governors of the Federal Reserve System (U.S.).
11. Christoffel, Kai & Farkas, Mátyás, 2025. "Managing the risks of inflation expectation de-anchoring," Working Paper Series 3082, European Central Bank.
12. Özcan, Gülserim & Traficante, Guido, 2024. "Optimal robust monetary and fiscal policy under uncertainty on the lower bound," Journal of Macroeconomics, Elsevier, vol. 81(C).
13. Piergallini, Alessandro, 2022. "Average inflation targeting and macroeconomic stability," Economics Letters, Elsevier, vol. 219(C).
    • Piergallini, Alessandro, 2022. "Average Inflation Targeting and Macroeconomic Stability," MPRA Paper 114309, University Library of Munich, Germany.
14. Yoichiro Tamanyu, 2020. "The Role of Nonlinearity in Indeterminate Models: An Application to Expectations-Driven Liquidity Traps," Keio-IES Discussion Paper Series 2020-023, Institute for Economics Studies, Keio University.
15. Ryan Banerjee & Aaron Mehrotra, 2023. "Unanticipated and Backward-Looking: Deflations and the Behavior of Inflation Expectations," International Journal of Central Banking, International Journal of Central Banking, vol. 19(4), pages 41-83, October.
16. Wengle, Susanne & Girardi, Daniele & Veneziani, Roberto, 2025. "Expectations, authority and divergent market transitions," World Development, Elsevier, vol. 196(C).
17. He Nie & Jordan Roulleau-Pasdeloup, 2023. "The promises (and perils) of control-contingent forward guidance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 77-98, July.
    • He Nie & Jordan Roulleau-Pasdeloup, 2022. "Online Appendix to "The promises (and perils) of control-contingent forward guidance"," Online Appendices 21-153, Review of Economic Dynamics.
18. Ascari, Guido & Mavroeidis, Sophocles, 2022. "The unbearable lightness of equilibria in a low interest rate environment," Journal of Monetary Economics, Elsevier, vol. 127(C), pages 1-17.
    • Guido Ascari & Sophocles Mavroeidis, 2020. "The unbearable lightness of equilibria in a low interest rate environment," Papers 2006.12966, arXiv.org, revised Dec 2021.
    • Guido Ascari & Sophocles Mavroeidis, 2021. "The unbearable lightness of equilibria in a low interest rate environment," Working Papers 734, DNB.
19. Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2025. "Could an economy get stuck on a rational pessimism sunspot path? The case of Japan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 101(C).
20. Ascari, Guido & Mavroeidis, Sophocles & McClung, Nigel, 2023. "Coherence without rationality at the zero lower bound," Journal of Economic Theory, Elsevier, vol. 214(C).
    • Guido Ascari & Sophocles Mavroeidis & Nigel McClung, 2022. "Coherence without Rationality at the Zero Lower Bound," Papers 2208.02073, arXiv.org, revised Oct 2023.
21. Chunbing Cai & Jordan Roulleau-Pasdeloup, 2023. "Simple Analytics of the Government Investment Multiplier," Papers 2302.11212, arXiv.org, revised Sep 2023.
22. Pablo Cuba-Borda & Sanjay R. Singh, 2024. "Understanding Persistent ZLB: Theory and Assessment," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(3), pages 389-416, July.
    • Pablo Cuba-Borda & Sanjay R. Singh, 2022. "Understanding Persistent ZLB: Theory and Assessment," Working Papers 346, University of California, Davis, Department of Economics.
    • Pablo A. Cuba-Borda & Sanjay R. Singh, 2023. "Understanding Persistent ZLB: Theory and Assessment," Working Paper Series 2024-03, Federal Reserve Bank of San Francisco.
23. Chunbing Cai & Jordan Roulleau-Pasdeloup & Zhongxi Zheng, 2025. "Endogenous Persistence at the Effective Lower Bound," Papers 2501.06473, arXiv.org, revised Sep 2025.
24. Nicolas Caramp & Sanjay R Singh, 2023. "Bond Premium Cyclicality and Liquidity Traps," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(6), pages 2822-2879.
    • Sanjay R. Singh & Nicolas Caramp, 2020. "Bond Premium Cyclicality and Liquidity Traps," Working Papers 336, University of California, Davis, Department of Economics.
25. Aleksandr Matveev, 2025. "Assessment of Portfolio Credit Risk under Dynamic Default Correlation," Russian Journal of Money and Finance, Bank of Russia, vol. 84(1), pages 129-142, March.
26. Haochun Ma & Jordan Roulleau-Pasdeloup, 2025. "Clearing Up the Effective Lower Bound Morass," Papers 2511.04782, arXiv.org.