Fiscal policy and liquidity traps with heterogeneous agents

DOI10.1016/J.ECONLET.2017.05.025zbMath1396.91546OpenAlexW2619251220MaRDI QIDQ1782316

Alessandro Piergallini

Publication date: 20 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/88798/1/MPRA_paper_88798.pdf

zbMATH Keywords

multiple equilibriaglobal dynamicsfiscal policyliquidity trapsnon-Ricardian consumers

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Cites Work

• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Great recession, slow recovery and muted fiscal policies in the US
• The analytics of monetary non-neutrality in the Sidrauski model

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