Liquidity Traps and Monetary Policy: Managing a Credit Crunch
By: Buera, Francisco J. and Nicolini, Juan Pablo
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Material type: 
BookPublisher: American Economic Journal Macroeconomic Description: 12(3), Jul, 2020: p.110-138.
In:
American Economic Journal Macroeconomic 1Summary: We study a model with heterogeneous producers that face collateral and cash-in-advance constraints. A tightening of the collateral constraint results in a credit-crunch-generated recession that reproduces some features of the financial crisis that unraveled in 2007 in the United States. We use the model to study the effects, following a credit crunch, of alternative monetary and fiscal policies. – Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 12(3), Jul, 2020: p.110-138 | Available | AR124559 |
We study a model with heterogeneous producers that face collateral and cash-in-advance constraints. A tightening of the collateral constraint results in a credit-crunch-generated recession that reproduces some features of the financial crisis that unraveled in 2007 in the United States. We use the model to study the effects, following a credit crunch, of alternative monetary and fiscal policies. – Reproduced
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