The New-Keynesian Liquidity Trap

By John H. Cochrane. 2017

178 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/2ea5c00e13841d8a0bbe0ff25e146a51d0eaae9c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Stephanie Schmitt-Grohé
2. Frank Schorfheide
3. Morten O. Ravn
4. Saroj Bhattarai
5. Jeffrey R. Campbell
6. Juan F. Rubio-Ramirez
7. Eric M. Leeper
8. Alejandro Justiniano

Citations in the corpus

• Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries (2016, background): “Cochrane (2013) abstracts from the existence of the deflationary steady state and constructs multiple liquidity trap equilibria by assuming that after exiting the ZLB monetary policy remains passive and exploiting the resulting local indeterminacy.”
• The Fiscal Multiplier (2019, unknown): “We do not face the indeterminacy issues with the representative-agent New Keynesian model at the ZLB raised by Cochrane (2017) and have a uniquely determined fiscal multiplier at the ZLB, one of the cases where we are most interested in knowing its size.”