Search Results for liquidity trap

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This paper describes a small macroeconomic model based on a representative industrial-country...

I model deflation, at zero nominal interest rate, in a microfounded general equilibrium model. I...

The "middle-income trap" is the phenomenon of hitherto rapidly growing economies stagnating at...

This paper takes a fresh look at the current theories of structural transformation and the role...

Chile has a large but relatively illiquid stock market. Global factors such as global risk...

This paper assesses the resilience of Panamanian banks to (i) a very severe short-term, and ...