000			00899nam a22001457a 4500
999			_c517122 _d517122
008			210701b ||||| |||| 00| 0 eng d
100			_aBuera, Francisco J. and Nicolini, Juan Pablo _926143
245			_aLiquidity Traps and Monetary Policy: Managing a Credit Crunch
260			_aAmerican Economic Journal Macroeconomic
300			_a12(3), Jul, 2020: p.110-138
520			_aWe 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
773			_aAmerican Economic Journal Macroeconomic 1
906			_aMONETARY POLICY
942			_cAR