The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap

By Lars E. O. Svensson. 2000

433 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4ad700f675fd3b673a91aec2e82ebeb6d813dd36

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In Economics and Econometrics

Citations in the corpus

Zero Bound on Interest Rates and Optimal Monetary Policy (2003, neutral): “Similar remarks apply to the proposals by McCallum (2000) and Svensson (2001) that purchases of foreign exchange be used to stimulate the economy through devaluation of the exchange rate.”
Was the New Deal Contractionary (2012, neutral): “Using equation (27) I choose κ to match inflation and the output collapse in 1932 κ = (1− β(1− γ))t Yt = 0.”
Independent Review of the Operation of Monetary Policy in New Zealand: Report to the Minister of Finance (2001, neutral): “4 See Svensson [26] for a more formal discussion.”
Background studies for the ECB's evaluation of its monetary policy strategy (2003, neutral): “12 Similar points have been made by Svensson on various occasions, e.g. in Svensson (2001a).”
On Lower-Bound Traps: A Framework for the Analysis of Monetary Policy in the 'Age' of Central Banks (2006, neutral): “Several policy options for CBs to deal with it have been proposed (see Goodfriend 2000, 2001; Clouse et al. 2000; McCallum 2000; Svensson 2001; Yates 2002; Buiter 2003; Ito and Mishkin 2004; Bernanke, Reinhart, and Sack 2004).”
Conducting Monetary Policy at Very Low Short-Term Interest Rates (2004, neutral): “Recent research has examined this potential channel of influence in fully articulated models (see Lars Svensson, 2001; Gauti Eggertsson and Michael Woodford, 2003; Woodford, 2003 Ch. 6).”
Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment (2005, positive): “Our principal methodology is event-study analysis; that is, we draw inferences about the impact of FOMC statements from the behavior of market-based indicators of policy expectations in a narrow window surrounding FOMC announcements.”
Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others (2003, positive): “Whereas policy for avoiding a liquidity trap and deflation is less controversial, there is a fair amount of controversy about the range of policies to escape from a liquidity trap and deflation, including my own proposal, the " Foolproof Way " (Svensson (2001, 2002)).”