Credit Crises, Precautionary Savings, and the Liquidity Trap

By Veronica Guerrieri, Guido Lorenzoni. 2011

809 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/eebbd8aef0b2565ed088dff1a09819b1730a1a90

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In Economics and Econometrics

Citations in the corpus

Did you save some cash for a rainy COVID-19 day? The crisis and SMEs (2020, background): “Interestingly, elements of this augmented corporate model have re-appeared back in the consumer savings literature (Guerrieri and Lorenzoni, 2017).”
Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone (2017, background): “The sudden stops themselves 3 Mian and Sufi (2010) find that the predictive power of household borrowing remains the same in counties dominated by national banks.”
Precautionary Saving Over the Business Cycle (2016, neutral): “From (12) and (15), total asset holdings by impatient households is”
Monetary Policy and the Redistribution Channel (2017, positive): “I finally compute my estimators as52 50This is also consistent with Kaplan et al. (2014) and Berger et al.”
Credit-Market Sentiment and the Business Cycle (2017, neutral): “Regressors: ∆ŝt = predicted change in the Baa-Treasury spread; demeaned 5-year (annualized) growth in ratios of sectoral credit outstanding to nominal GDP (columns 1–2) and corresponding sectoral credit-to-GDP gaps (columns 3–4), where a gap is defined as a deviation of a (log) ratio of a sectorspec”
Monetary Policy According to HANK (2018, neutral): “However, these models also fea- 5See Guerrieri and Lorenzoni (2011), Oh and Reis (2012), Ravn and Sterk (2012), McKay and Reis (2013), Gornemann et al. (2014), Auclert (2014), McKay et al. (2015), Den Haan et al. (2015), Bayer et al. (2015), and Werning (2015).”
External financing and the role of financial frictions over the business cycle: Measurement and theory (2017, positive): “The reaming consumptionsavings decision is essentially the same as the one studied in Huggett (1993) or Aiyagari (1994).”