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Citations for "Credit Crises, Precautionary Savings, and the Liquidity Trap"

by Veronica Guerrieri & Guido Lorenzoni

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  1. Ajello, Andrea, 2010. "Financial intermediation, investment dynamics and business cycle fluctuations," MPRA Paper 32447, University Library of Munich, Germany, revised Mar 2011.
  2. Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.
  3. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," NBER Working Papers 18705, National Bureau of Economic Research, Inc.
  4. Luca Fornaro, 2016. "International Debt Deleveraging," Working Papers 931, Barcelona Graduate School of Economics.
  5. McKay, Alisdair & Reis, Ricardo, 2016. "Optimal Automatic Stabilizers," CEPR Discussion Papers 11337, C.E.P.R. Discussion Papers.
  6. Gauti B. Eggertsson & Neil R. Mehrotra, 2014. "A Model of Secular Stagnation," NBER Working Papers 20574, National Bureau of Economic Research, Inc.
  7. Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2013. "Household Leveraging and Deleveraging," NBER Working Papers 18941, National Bureau of Economic Research, Inc.
  8. Galip Kemal Ozhan, 2016. "Financial intermediation, resource allocation, and macroeconomic interdependence," ESRB Working Paper Series 28, European Systemic Risk Board.
  9. Atif R. Mian & Amir Sufi & Francesco Trebbi, 2012. "Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises," NBER Working Papers 17831, National Bureau of Economic Research, Inc.
  10. Bunn, Philip & Rostom, May, 2015. "Household debt and spending in the United Kingdom," Bank of England working papers 554, Bank of England.
  11. Gauti Eggertsson & Federica Romei & Pierpaolo Benigno, 2015. "Dynamic Debt Deleveraging and Optimal Monetary Policy," 2015 Meeting Papers 390, Society for Economic Dynamics.
  12. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.
  13. Bilbiie, Florin Ovidiu & Monacelli, Tommaso & Perotti, Roberto, 2012. "Public Debt and Redistribution with Borrowing Constraints," CEPR Discussion Papers 9088, C.E.P.R. Discussion Papers.
  14. Ander Perez & Andrea Caggese, 2014. "Aggregate implications of financial and labour market frictions," 2014 Meeting Papers 772, Society for Economic Dynamics.
  15. Javier Andrés & José Boscá & Francisco Ferri, 2012. "Household leverage and fiscal multipliers," Working Papers 1215, Banco de España;Working Papers Homepage.
  16. Sala, Luca & Söderström, Ulf & Trigari, Antonella, 2012. "Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence," Working Paper Series 264, Sveriges Riksbank (Central Bank of Sweden).
  17. Dominik Menno & Tommaso Oliviero, 2014. "Financial Intermediation, House Prices and the Welfare Effects of the U.S. Great Recession," CSEF Working Papers 373, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 04 Oct 2016.
  18. Meng, Channarith, 2014. "Consumer Loans in Cambodia: Implications on Banking Stability," MPRA Paper 54131, University Library of Munich, Germany.
  19. Pierre-Olivier Gourinchas & Olivier Jeanne, 2012. "Global safe assets," BIS Working Papers 399, Bank for International Settlements.
  20. Corneli, Flavia & Tarantino, Emanuele, 2016. "Sovereign debt and reserves with liquidity and productivity crises," Journal of International Money and Finance, Elsevier, vol. 65(C), pages 166-194.
  21. Pierpaolo Benigno & Federica Romei, 2012. "Debt Deleveraging and The Exchange Rate," NBER Working Papers 17944, National Bureau of Economic Research, Inc.
  22. Lippi, Francesco & Trachter, Nicholas, 2012. "On the optimal supply of liquidity with borrowing constraints," CEPR Discussion Papers 8890, C.E.P.R. Discussion Papers.
  23. Serena Ng & Jonathan H. Wright, 2013. "Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling," Journal of Economic Literature, American Economic Association, vol. 51(4), pages 1120-1154, December.
  24. Kerwin Kofi Charles & Erik Hurst & Matthew J. Notowidigdo, 2016. "The Masking of the Decline in Manufacturing Employment by the Housing Bubble," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 179-200, Spring.
  25. Mathieu Boullot, 2016. "Secular Stagnation, Liquidity Trap and Rational Asset Price Bubbles," Working Papers halshs-01295012, HAL.
  26. Emmanuel Farhi, 2016. "Global Imbalances and Currency Wars at the ZLB," 2016 Meeting Papers 1418, Society for Economic Dynamics.
  27. Carroll, Christopher & Slacalek, Jiri & Sommer, Martin, 2012. "Dissecting saving dynamics: measuring wealth, precautionary and credit effects," Working Paper Series 1474, European Central Bank.
  28. Ricardo J. Caballero & Emmanuel Farhi, 2014. "The Safety Trap," NBER Working Papers 19927, National Bureau of Economic Research, Inc.
  29. Anundsen, Andre K. & Nymoen, Ragnar, 2015. "Did US consumers `save for a rainy day' before the Great Recession?," Memorandum 11/2015, Oslo University, Department of Economics.
  30. Ikeda, Daisuke & Saito, Masashi, 2014. "The effects of demographic changes on the real interest rate in Japan," Japan and the World Economy, Elsevier, vol. 32(C), pages 37-48.
  31. Emmanuel Farhi & Iván Werning, 2016. "A Theory of Macroprudential Policies in the Presence of Nominal Rigidities," Econometrica, Econometric Society, vol. 84, pages 1645-1704, 09.
  32. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.
  33. Braxton, John Carter & Knotek, Edward S., 2014. "Consumer debt dynamics:follow the increasers," Research Working Paper RWP 14-2, Federal Reserve Bank of Kansas City.
  34. Agarwal, Sumit & Chomsisengphet, Souphala & Mahoney, Neale & Ströbel, Johannes, 2015. "Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession," CEPR Discussion Papers 10839, C.E.P.R. Discussion Papers.
  35. Midrigan, Virgiliu & Philippon, Thomas, 2016. "Household Leverage and the Recession," CEPR Discussion Papers 11407, C.E.P.R. Discussion Papers.
  36. Giorgia Piacentino & Anjan Thakor & Jason Donaldson, 2015. "Bank Capital, Bank Credit and Unemployment," 2015 Meeting Papers 1403, Society for Economic Dynamics.
  37. Andrei Shleifer & Alp Simsek & Matthew Rognlie, 2015. "Investment Hangover and the Great Recession," 2015 Meeting Papers 1171, Society for Economic Dynamics.
  38. Gourinchas, Pierre-Olivier & Rey, Hélène, 2016. "Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound," CEPR Discussion Papers 11503, C.E.P.R. Discussion Papers.
  39. Maria Teresa Punzi & Caterina Mendicino, 2014. "House Prices, Capital Inflows and Macroprudential Policy," Department of Economics Working Papers wuwp180, Vienna University of Economics and Business, Department of Economics.
  40. Javier Bianchi, 2012. "Efficient Bailouts?," NBER Working Papers 18587, National Bureau of Economic Research, Inc.
  41. James Bullard & Jacek Suda & Aarti Singh & Costas Azariadis, 2014. "Debt Overhang and Monetary Policy," 2014 Meeting Papers 948, Society for Economic Dynamics.
  42. Alp Simsek & Anton Korinek, 2013. "Liquidity Trap and Excessive Leverage," 2013 Meeting Papers 1369, Society for Economic Dynamics.
  43. Lorenzo Burlon & Andrea Gerali & Alessandro Notarpietro & Massimiliano Pisani, 2015. "Inflation, financial conditions and non-standard monetary policy in a monetary union. A model-based evaluation," Temi di discussione (Economic working papers) 1015, Bank of Italy, Economic Research and International Relations Area.
  44. Gertler, Mark & Kiyotaki, Nobuhiro & Prestipino, Andrea, 2016. "Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises," International Finance Discussion Papers 1156, Board of Governors of the Federal Reserve System (U.S.).
  45. Amir Sufi, 2012. "Commentary: redistributive monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 385-396.
  46. Philippe Martin & Thomas Philippon, 2014. "Inspecting the Mechanism Leverage and the Great Recession in the Eurozone," Sciences Po Economics Discussion Papers 2014-16, Sciences Po Departement of Economics.
  47. Joachim Hubmer & Per Krusell & Anthony A. Smith, Jr., 2016. "The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation," NBER Working Papers 23011, National Bureau of Economic Research, Inc.
  48. Kaplan, Greg & Violante, Giovanni L, 2011. "A Model of the Consumption Response to Fiscal Stimulus Payments," CEPR Discussion Papers 8562, C.E.P.R. Discussion Papers.
  49. Lippi, Francesco & Ragni, Stefania & Trachter, Nicholas, 2015. "Optimal monetary policy with heterogeneous money holdings," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 339-368.
  50. Caterina Mendicino, 2012. "Collateral Requirements: Macroeconomic Fluctuations and Macro-Prudential Policy," Working Papers w201211, Banco de Portugal, Economics and Research Department.
  51. Walentin, Karl, 2014. "Business cycle implications of mortgage spreads," Journal of Monetary Economics, Elsevier, vol. 67(C), pages 62-77.
  52. Zhen Huo & José-Víctor Ríos-Rull, 2013. "Engineering a paradox of thrift recession," FRB Atlanta CQER Working Paper 2013-03, Federal Reserve Bank of Atlanta.
  53. Merike Kukk, 2014. "Distinguishing the Components of Household Financial Wealth: the Impact of Liabilities on Assets in Euro Area Countries," Proceedings of International Academic Conferences 0100418, International Institute of Social and Economic Sciences.
  54. Gropp, Reint & Krainer, John & Laderman, Elizabeth, 2014. "Did consumers want less debt? consumer credit demand versus supply in the wake of the 2008-2009 financial crisis," Working Paper Series 2014-8, Federal Reserve Bank of San Francisco.
  55. G. Kemal Ozhan, 2017. "Financial Intermediation, Resource Allocation, and Macroeconomic Interdependence," CDMA Working Paper Series 201701, Centre for Dynamic Macroeconomic Analysis.
  56. Martin Beraja & Erik Hurst & Juan Ospina, 2016. "The Aggregate Implications of Regional Business Cycles," NBER Working Papers 21956, National Bureau of Economic Research, Inc.
  57. Kartik Athreya, 2014. "Labor Market Upheaval, Default Regulations, and Consumer Debt," 2014 Meeting Papers 273, Society for Economic Dynamics.
  58. repec:fip:fedreq:y:2011:i:3q:p:209-254:n:vol.97no.3 is not listed on IDEAS
  59. Josef Schroth, 2016. "Financial Crisis Interventions," Staff Working Papers 16-29, Bank of Canada.
  60. Felipe Schwartzman, 2012. "When do credit frictions matter for business cycles?," Economic Quarterly, Federal Reserve Bank of Richmond, issue 3Q, pages 209-230.
  61. Andrea Ferrero, 2012. "House price booms, current account deficits, and low interest rates," Staff Reports 541, Federal Reserve Bank of New York.
  62. Cristina Arellano & Yan Bai & Patrick J. Kehoe, 2012. "Financial frictions and fluctuations in volatility," Staff Report 466, Federal Reserve Bank of Minneapolis.
  63. Ricardo J. Caballero & Emmanuel Farhi, 2013. "A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy," NBER Working Papers 18737, National Bureau of Economic Research, Inc.
  64. Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, September.
  65. Nikolai Roussanov & Michael Michaux & Hui Chen, 2011. "Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty," 2011 Meeting Papers 1369, Society for Economic Dynamics.
  66. Zhen Huo & Jose-Victor Rios-Rull, 2013. "Paradox of thrift recessions," Staff Report 490, Federal Reserve Bank of Minneapolis.
  67. Tiago Berriel & Rodrigo Abreu, 2015. "Long Term Debt and Credit Crisis in a Liquidity Constrained Economy," Textos para discussão 644, Department of Economics PUC-Rio (Brazil).
  68. Robert E. Hall, 2011. "Clashing Theories of Unemployment," NBER Working Papers 17179, National Bureau of Economic Research, Inc.
  69. Sule Alan & Thomas Crossley & Hamish Low, 2012. "Saving on a Rainy Day, Borrowing for a Rainy Day," Koç University-TUSIAD Economic Research Forum Working Papers 1212, Koc University-TUSIAD Economic Research Forum.
  70. Francesco Lippi & Stefania Ragni & Nicholas Trachter, 2013. "State dependent monetary policy," Working Paper 13-17, Federal Reserve Bank of Richmond.
  71. Cheng, Chak Hung Jack & Chiu, Ching-Wai (Jeremy), 2016. "Nonlinearities of mortgage spreads over the business cycles," Bank of England working papers 634, Bank of England.
  72. Fabrizio Perri & Vincenzo Quadrini, 2011. "International recessions," Staff Report 463, Federal Reserve Bank of Minneapolis.
  73. João Braz Pinto & João Sousa Andrade, 2015. "A Monetary Analysis of the Liquidity Trap," GEMF Working Papers 2015-06, GEMF, Faculty of Economics, University of Coimbra.
  74. Jonathan Zinman, 2013. "Consumer Credit: Too Much or Too Little (or Just Right)?," NBER Working Papers 19682, National Bureau of Economic Research, Inc.
  75. Xavier Ragot & Julien Matheron & Juan Rubio-Ramirez & Edouard Challe, 2013. "Precautionary Saving and Aggregate Demand," 2013 Meeting Papers 932, Society for Economic Dynamics.
  76. Christoph Boehm, 2015. "Household Balance Sheets, Default, and Fiscal Policy at the Zero Lower Bound," 2015 Meeting Papers 1195, Society for Economic Dynamics.
  77. Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Ströbel, 2015. "Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession," CESifo Working Paper Series 5521, CESifo Group Munich.
  78. repec:mab:wpaper:15 is not listed on IDEAS
  79. Atif R. Mian & Amir Sufi, 2012. "What explains high unemployment? The aggregate demand channel," NBER Working Papers 17830, National Bureau of Economic Research, Inc.
  80. Liang Wu & Lei Zhang & Zhiming Fu, 2015. "Deleveraging, short sale constraints and market crash," Papers 1511.03777, arXiv.org.
  81. Robert E. Hall, 2012. "Monitoring the Financial Condition and Expenditures of Households," NBER Chapters, in: Risk Topography: Systemic Risk and Macro Modeling, pages 175-182 National Bureau of Economic Research, Inc.
  82. Will Dobbie & Paul Goldsmith-Pinkham & Crystal Yang, 2015. "Consumer Bankruptcy and Financial Health," NBER Working Papers 21032, National Bureau of Economic Research, Inc.
  83. Eduardo Zilberman & Tiago Berriel, 2012. "Targeting the Poor: A Macroeconomic Analysis of Cash Transfer Programs," 2012 Meeting Papers 934, Society for Economic Dynamics.
  84. Albuquerque, Bruno & Krustev, Georgi, 2015. "Debt overhang and deleveraging in the US household sector: gauging the impact on consumption," Working Paper Series 1843, European Central Bank.
  85. Giroud, Xavier & Mueller, Holger M, 2015. "Firm Leverage and Unemployment during the Great Recession," CEPR Discussion Papers 10539, C.E.P.R. Discussion Papers.
  86. Harashima, Taiji, 2016. "The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States?," MPRA Paper 69215, University Library of Munich, Germany.
  87. Neil Mehrotra, 2014. "Fiscal Policy Stabilization: Purchases or Transfers?," Working Papers 2014-9, Brown University, Department of Economics.
  88. Dániel Béres & Katalin Huzdik, 2012. "Financial Literacy and Macro-economics," Public Finance Quarterly, State Audit Office of Hungary, vol. 57(3), pages 298-312.
  89. Joseph Vavra & David Berger, 2012. "Consumption Dynamics During the Great Recession," 2012 Meeting Papers 109, Society for Economic Dynamics.
  90. Michael D. Carr & Arjun Jayadev, 2013. "Relative Income and Indebtedness: Evidence from Panel Data," Working Papers 2013_02, University of Massachusetts Boston, Economics Department.
  91. Xavier Giroud & Holger M. Mueller, 2017. "Firm Leverage, Consumer Demand, and Employment Losses during the Great Recession," Working Papers 17-01, Center for Economic Studies, U.S. Census Bureau.
  92. Gerlach, Petra & Merola, Rossana, 2013. "Consumption and Credit Constraints: A Model and Evidence for Ireland," Papers WP471, Economic and Social Research Institute (ESRI).
  93. David Berger & Veronica Guerrieri & Guido Lorenzoni & Joseph Vavra, 2015. "House Prices and Consumer Spending," NBER Working Papers 21667, National Bureau of Economic Research, Inc.
  94. Bejan, Camelia & Bidian, Florin, 2014. "Bubbles and trading in incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 53(C), pages 137-144.
  95. repec:aei:rpaper:694 is not listed on IDEAS
  96. Francisco J. Buera & Benjamin Moll, 2012. "Aggregate Implications of a Credit Crunch," NBER Working Papers 17775, National Bureau of Economic Research, Inc.
  97. Stefania Albanesi, 2016. "Credit Growth and the Financial Crisis: A New Narrative," 2016 Meeting Papers 575, Society for Economic Dynamics.
  98. Jonathan E. Goldberg, 2013. "Credit-crunch dynamics with uninsured investment risk," Finance and Economics Discussion Series 2013-31, Board of Governors of the Federal Reserve System (U.S.).
  99. George-Marios Angeletos & Fabrice Collard & Harris Dellas & Behzad Diba, 2013. "Optimal Public Debt Management and Liquidity Provision," NBER Working Papers 18800, National Bureau of Economic Research, Inc.
  100. Iván Werning, 2015. "Incomplete Markets and Aggregate Demand," NBER Working Papers 21448, National Bureau of Economic Research, Inc.
  101. Hubmer, Joachim & Krusell, Per & Smith Jr, Anthony A., 2017. "The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation," CEPR Discussion Papers 11743, C.E.P.R. Discussion Papers.
  102. Xavier Giroud & Holger M. Mueller, 2015. "Firm Leverage and Unemployment during the Great Recession," NBER Working Papers 21076, National Bureau of Economic Research, Inc.
  103. Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012. "Macroeconomics with Financial Frictions: A Survey," Levine's Working Paper Archive 786969000000000384, David K. Levine.
  104. Benigno, Pierpaolo & Nisticò, Salvatore, 2013. "Safe Assets, Liquidity and Monetary Policy," CEPR Discussion Papers 9767, C.E.P.R. Discussion Papers.
  105. Jonathan E. Goldberg, 2013. "Credit-crunch dynamics with uninsured investment risk," Finance and Economics Discussion Series 2013-47, Board of Governors of the Federal Reserve System (U.S.).
  106. Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2015. "Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?," NBER Working Papers 21567, National Bureau of Economic Research, Inc.
  107. Dong He & Paul Luk, 2013. "A Model of Chinese Capital Account Liberalisation," Working Papers 122013, Hong Kong Institute for Monetary Research.
  108. Robert E. Lucas, Jr., 2012. "EconomicDynamics Interviews Robert Lucas on Modern Macroeconomics," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 14(1), November.
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