The safety trap /
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with high risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets (safe asset...
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| Format: | Book |
| Language: | English |
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Cambridge, MA :
Massachusetts Institute of Technology, Dept. of Economics,
[2015]
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| Edition: | Revised |
| Series: | Working paper (Massachusetts Institute of Technology. Department of Economics) ;
no. 14-08 Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 14-08, 2016 |
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Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
HB31.M415 no.14-08 2016 |
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