Archive | Gauti B. Eggertsson

2024
November
Liquidity Traps: A Unified Theory of the Great Depression and the Great Recession
The Forward Guidance Puzzle is not a Puzzle
February
The Slanted-L Phillips Curve

2023
September
Negative Nominal Interest Rates and the Bank Lending Channel
August
The Inflation Surge of the 2020: The Role of Monetary Policy
April
It’s Baaack: The Inflation Surge of 2020s and the Return of the Non-Linear Phillips Curve

2022
September
Time Consistency and the Duration of Government Debt: A Model of Quantitative Easing

2021
November
Kaldor and Piketty’s Facts: The Rise of Monopoly Power in the United States
September
Mr. Keynes and the Classics; A Suggested Reinterpretation
July
A Toolkit for Solving Models with a Lower Bound on Interest Rates of Stochastic Duration
February
Medium-Term Money Neutrality and the Effective Lower Bound

2020
April
Dynamic Debt Deleveraging and Optimal Monetary Policy

2019
December
Aging, Output Per Capita and Secular Stagnation
August
Log-linear Approximation versus an Exact Solution at the ZLB in the New Keynesian Model
January
Negative interest rate policy and the bank lending channel
A Model of Secular Stagnation: Theory and Quantitative Evaluation
Sticky prices versus sticky information: Does it matter for policy paradoxes?

2018
December
Is Increased Price Flexibility Stabilizing? Redux
January
Monetary policy with negative nominal interest rates

2017
September
The Rise, Fall, and Resurrection of Iceland: A Postmortem Analysis of the 2008 Financial Crisis
June
Comment on ‘Sources and Mechanisms of Stagnation and Impaired Growth in Advanced Economies’
March
The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities

2016
November
A Contagious Malady? Open Economy Dimensions of Secular Stagnation
July
Secular stagnation in the open economies: How it spreads, how it can be cured
May
Bernanke’s No-Arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?
Discussion of ‘Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis’
Secular Stagnation in the Open Economy

2014
August
A model of secular stagnation
May
Fiscal Policy, Public Debt and the World Crisis
January
Can Structural Reforms Help Europe?

2013
October
Fiscal Multipliers and Policy Coordination
February
Deficits, Public Debt Dynamics and Tax and Spending Multipliers

2012
July
Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach
February
Was the New Deal Contractionary?
January
Discussion of “How Flexible Can Inflation Targeting Be and Still Work?”

2011
October
Discussion of “Price-Level Targeting and Stabilization Policy”
September
Commentary on Optimal Stabilization Policy by G. Mankiw and M. Winzierl
June
Commodity Prices and the Mistake of 1937: Would Modern Economists Make the Same Mistake?

2010
September
A Reply to Steven Horwitz Commentary on “Great Expectations and the End of the Depression“
June
A Political Agency Theory of Central Bank Independence
May
A comment on Casey Mulligan’s test of the Paradox of Toil

2009
November
A Bayesian Approach to Estimating Tax and Spending Multipliers

2008
December
FOMC briefing on ‘Federal Reserve experiences with Very Low Interest Rates’
September
Great Expectations and the End of the Depression
March
The Liquidity Trap

2007
July
Optimal Time-Consistent Monetary Policy in the New Keynesian Model with Repeated Simultaneous Play

2006
December
The Mistake of 1937: A General Equilibrium Analysis
June
Optimal Monetary and Fiscal Policy in a Liquidity Trap
May
Comment on Monetary and Fiscal Policy in a Low Inflation Economy with Learning
March
The Deflation Bias and Committing to Being Irresponsible

2005
April
Does Excess Liquidity Pose a Threat in Japan?

2004
June
Optimal Monetary and Fiscal Policy and the Liquidity Trap
May
Policy Options in a Liquidity Trap
January
Comment on Macroeconomic Policy in the European Monetary Union

2003
March
The Zero Bound on Interest Rates and Optimal Monetary Policy
How to Fight Deflation in a Liquidity Trap: Committing to Being Irresponsible

2001
November
Committing to being Irresponsible: Deficit Spending to Escape a Liquidity Trap
Real Government Spending in a Liquidity Trap

1997
January
Portugese Irregular Verbs