Stagnation traps

DOI10.1093/RESTUD/RDX063MaRDI QIDQ4610921zbMATH OpenOpenAlexFDO

Authors Gianluca Benigno, Luca Fornaro

Publication date 23 January 2019

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10230/37293

zbMATH Keywords

endogenous growthhysteresisliquidity trapsmonetary policymultiple equilibriasecular stagnation

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cited in

(14)

• Secular stagnation: theory and remedies
• Learning to believe in secular stagnation
• Liquidity traps in a world economy
• The effect of a decline in the world real interest rate on a small open economy experiencing persistent stagnation
• Counting innovations: Schumpeterian growth in discrete time
• Unconventional monetary policy in a nonlinear quadratic model
• Stagnation, Creation, Breaking
• Vested Interests in a Positive Theory of Stagnation and Growth
• Nonstructural analysis of productivity growth for the industrialized countries: a jackknife model averaging approach
• EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS
• Dynamic hysteresis effects
• Deflationary traps, agents' beliefs and fiscal-monetary policies
• Fiscal policy under secular stagnation: an optimal pump-priming strategy
• How large are hysteresis effects? Estimates from a Keynesian growth model

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