Default and determinacy under quantitative easing

DOI10.1007/S00199-021-01365-6MaRDI QIDQ2168536zbMATH OpenOpenAlexFDO

Authors Nikolaos Romanidis, Dimitrios P. Tsomocos

Publication date 31 August 2022

Published in Economic Theory (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s00199-021-01365-6

zbMATH Keywords

collateraldefaultdeterminacymoneyquantitative easing

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

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Cites work

• Debt collateralization, capital structure, and maximal leverage
• Determinacy with nominal assets and outside money
• Equilibrium analysis, banking and financial instability.
• Interbank market friction-induced holdings of precautionary liquidity: implications for bank loan supply and monetary policy implementation
• Money and Interest in a Cash-in-Advance Economy
• Money growth targeting and indeterminacy in small open economies
• On default and uniqueness of monetary equilibria
• Perils of unconventional monetary policy
• Real effects of money in general equilibrium

Cited in

(7)

• Reaching nirvana with a defaultable asset?
• Forward guidance and quantitative easing at the zero lower bound
• A quantitative easing experiment
• Default and aggregate income
• Savings and default
• How Quantitative Easing Works: Evidence on the Refinancing Channel
• Exiting from quantitative easing in an era of large government debt: inflation or default?

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