Liquidity Trap and Excessive Leverage
July 21, 2014
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Format: Chicago
Summary
Subject: Asset and liability management, Asset prices, Consumption, Financial services, Income, Liquidity, National accounts, Prices, Real interest rates
Keywords: Aggregate demand, Aggregate demand externality, Asset prices, Consumption, Contractionary monetary policy, Efficiency, Fire-sale externality, Income, Insurance, Interest rate, Leverage, Leveraging motive, Liquidity, Liquidity trap, Macroprudential policy, Pecuniary externality, Real interest rates, WP, Zero lower bound
Publication Details
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Pages:
49
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Volume:
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DOI:
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Issue:
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Series:
Working Paper No. 2014/129
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Stock No:
WPIEA2014129
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ISBN:
9781498370943
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ISSN:
1018-5941