Konferenzbeitrag
Understanding Benign Liquidity Traps: The Case of Japan
Japan has been in a benign liquidity trap since the 1990s. In a benign liquidity trap, interest rates approach zero and monetary policy is ineffective but output and employment perform decently. Such a pattern contradicts traditional macro theories. This paper introduces a monetary general equilibrium model that is compatible with Japan’s performance and resolves puzzles associated with liquidity traps. Possible conclusions for Anglo-Saxon countries and eurozone members are also discussed
- Language
-
Englisch
- Bibliographic citation
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Liquidity Traps ; No. A17-V2
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
Interest Rates: Determination, Term Structure, and Effects
Monetary Policy
- Event
-
Geistige Schöpfung
- (who)
-
Homburg, Stefan
- Event
-
Veröffentlichung
- (who)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
-
Kiel und Hamburg
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Homburg, Stefan
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2016
Other Objects (12)
Understanding benign liquidity traps: The case of Japan
Why Democracy is Essential to Monetary Stability
The efficiency of unfunded pension schemes
Speculative eurozone attacks and departure strategies
Verbesserungen der Steuerstruktur und der Unternehmensbesteuerung
A New Approach to Optimal Commodity Taxation
Effects and risks of unconventional monetary policy
Overaccumulation, public debt, and the importance of land
What caused the Great Recession?
Speculative Eurozone Attacks and Departure Strategies
Steuersenkungen – Wenn nicht jetzt, wann dann?
Overaccumulation, Public Debt, and the Importance of Land
Understanding benign liquidity traps: The case of Japan
Why Democracy is Essential to Monetary Stability
The efficiency of unfunded pension schemes
Speculative eurozone attacks and departure strategies
Verbesserungen der Steuerstruktur und der Unternehmensbesteuerung
A New Approach to Optimal Commodity Taxation
Effects and risks of unconventional monetary policy
Overaccumulation, public debt, and the importance of land
What caused the Great Recession?
Speculative Eurozone Attacks and Departure Strategies
Steuersenkungen – Wenn nicht jetzt, wann dann?
Overaccumulation, Public Debt, and the Importance of Land
Understanding benign liquidity traps: The case of Japan
Why Democracy is Essential to Monetary Stability
The efficiency of unfunded pension schemes
Speculative eurozone attacks and departure strategies
Verbesserungen der Steuerstruktur und der Unternehmensbesteuerung
A New Approach to Optimal Commodity Taxation
Effects and risks of unconventional monetary policy
Overaccumulation, public debt, and the importance of land
What caused the Great Recession?
Speculative Eurozone Attacks and Departure Strategies
Steuersenkungen – Wenn nicht jetzt, wann dann?