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DOAJ
Article . 2014
Data sources: DOAJ
Research Papers in Economics
Preprint . 2014
Full-Text: https://www.econstor.eu/bitstream/10419/103958/1/80514952X.pdf
Data sources: Research Papers in Economics
EconStor
Research . 2014
License: CC BY
Data sources: EconStor
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Secular Stagnation

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2014 English Publisher:De Gruyter
Authors: Bossone, Biagio;

handle: 10419/103958

Secular Stagnation

Abstract

This study analyzes the emergence of secular stagnation as the consequence of a rise in the preference for liquidity. Such a rise is caused by a persistent set of pessimistic expectations. This study also investigates the effectiveness of a broad range of demand-management policies in dealing with secular stagnation. To obtain these results, this study uses a model where agents derive utility from holding assets of different degrees of liquidity. In this environment, rational expectations interact with changes in market sentiment, to produce secular stagnation.

Keywords

helicopter money,liquidity preference,market sentiment,quantitative easing,pessimistic (optimistic) expectations,utility analysis, utility analysis, quantitative easing, Social Sciences, H, E3, E2, G11, G12, E5, E4, HB71-74, ddc:330, helicopter money, liquidity preference, market sentiment, pessimistic (optimistic) expectations, Economics as a science, E61, E62, E63, jel: jel:E61, jel: jel:E62, jel: jel:E63, jel: jel:E2, jel: jel:E3, jel: jel:E4, jel: jel:E5, jel: jel:G12, jel: jel:G11

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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