Fiscal stimulus in expectations-driven liquidity traps
I study liquidity traps in a model where agents have heterogeneous expectations and finite planning horizons. Backward-looking agents base their expectations on past observations, while forward-looking agents have fully rational expectations. Liquidity traps that are fully or partly driven by expect...
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| Main Author: | |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
University of Heidelberg, Department of Economics
14 May 2020
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| Series: | Discussion paper series / University of Heidelberg, Department of Economics
no. 683 |
| In: |
Discussion paper series (no. 683)
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| DOI: | 10.11588/heidok.00028307 |
| Subjects: | |
| Online Access: | Verlag, kostenfrei: http://archiv.ub.uni-heidelberg.de/volltextserver/28307/1/Lustenhouwer_2020_dp683.pdf Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00028307 Resolving-System, kostenfrei: http://hdl.handle.net/10419/235006 Resolving-System, kostenfrei, Volltext: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-283071 
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| Author Notes: | Joep Lustenhouwer |
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