We study the effects of fiscal policy interventions in a liquidity trap in a model with nominal
rigidities and an interest rate rule. In a liquidity trap caused by a self-fulfilling state of low …

Animal studies show favorable effects of n-3 fatty acids on inflammation and cancer, but
results from epidemiologic studies appear to be inconsistent. The authors conducted meta …

We introduce a numerical algorithm for solving dynamic economic models that merges
stochastic simulation and projection approaches: we use simulation to approximate the …

We survey numerical methods that are tractable in dynamic economic models with a finite,
large number of continuous state variables.(Examples of such models are new Keynesian …

We show that credit market imperfections substantially increase the government-spending
multiplier when the economy enters a liquidity trap. This finding is explained by the tight …

This paper relates cross-country growth in real gross domestic product (RGDP) to ex-ante
financial distress. For each of the 45 countries covered in the study, we first develop country …

This paper examines whether financial conditions of the non-financial corporate sector can
explain why the recovery from recessions in the United States is slower since the mid-1980s …

Handbook of Computational Economics summarizes recent advances in economic thought,
revealing some of the potential offered by modern computational methods. With …

We show that the financial accelerator may be very large in a liquidity trap. We study a sticky
price model with real estate and a financial friction specified as a collateral constraint …

This paper investigates the effects of a fiscal stimulus when financial frictions and a liquidity
trap are present. These two conditions make a government spending expansion and a …