Matches in SemOpenAlex for { <https://semopenalex.org/work/W2105741063> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W2105741063 abstract "What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what conditions will a cut stimulate output and employment, and raise welfare? Under what conditions will a cut have the opposite effects? We answer these questions in a general class of open economy models, where a financial crisis is modeled as a time when collateral constraints are suddenly binding. We find that when there are frictions in adjusting the level of output in the traded good sector and in adjusting the rate at which that output can be used in other parts of the economy, then a cut in the interest rate is most likely to result in a welfare-reducing fall in output and employment. When these frictions are absent, a cut in the interest rate improves asset positions and promotes a welfare-increasing economic expansion." @default.
- W2105741063 created "2016-06-24" @default.
- W2105741063 creator A5002459998 @default.
- W2105741063 creator A5017246640 @default.
- W2105741063 creator A5042156633 @default.
- W2105741063 date "2002-01-01" @default.
- W2105741063 modified "2023-09-27" @default.
- W2105741063 title "Monetary Policy in a Financial Crisis" @default.
- W2105741063 cites W118861535 @default.
- W2105741063 cites W1488143363 @default.
- W2105741063 cites W1511656869 @default.
- W2105741063 cites W1537391227 @default.
- W2105741063 cites W1567326056 @default.
- W2105741063 cites W1595836740 @default.
- W2105741063 cites W1599602021 @default.
- W2105741063 cites W1967689986 @default.
- W2105741063 cites W1996596068 @default.
- W2105741063 cites W2024699330 @default.
- W2105741063 cites W2034978367 @default.
- W2105741063 cites W2053403059 @default.
- W2105741063 cites W2068156086 @default.
- W2105741063 cites W2093527566 @default.
- W2105741063 cites W2128180562 @default.
- W2105741063 cites W2158352931 @default.
- W2105741063 cites W2891963022 @default.
- W2105741063 cites W2918102586 @default.
- W2105741063 cites W3121236665 @default.
- W2105741063 cites W3121863184 @default.
- W2105741063 cites W3122367836 @default.
- W2105741063 cites W3122560842 @default.
- W2105741063 cites W3122792171 @default.
- W2105741063 cites W3123862235 @default.
- W2105741063 cites W3123872846 @default.
- W2105741063 cites W3126113100 @default.
- W2105741063 cites W565313680 @default.
- W2105741063 cites W607537849 @default.
- W2105741063 cites W2046895163 @default.
- W2105741063 doi "https://doi.org/10.2139/ssrn.316142" @default.
- W2105741063 hasPublicationYear "2002" @default.
- W2105741063 type Work @default.
- W2105741063 sameAs 2105741063 @default.
- W2105741063 citedByCount "22" @default.
- W2105741063 countsByYear W21057410632012 @default.
- W2105741063 countsByYear W21057410632015 @default.
- W2105741063 crossrefType "journal-article" @default.
- W2105741063 hasAuthorship W2105741063A5002459998 @default.
- W2105741063 hasAuthorship W2105741063A5017246640 @default.
- W2105741063 hasAuthorship W2105741063A5042156633 @default.
- W2105741063 hasBestOaLocation W21057410632 @default.
- W2105741063 hasConcept C126285488 @default.
- W2105741063 hasConcept C162324750 @default.
- W2105741063 hasConcept C165556158 @default.
- W2105741063 hasConcept C2778300220 @default.
- W2105741063 hasConcept C556758197 @default.
- W2105741063 hasConcept C73283319 @default.
- W2105741063 hasConceptScore W2105741063C126285488 @default.
- W2105741063 hasConceptScore W2105741063C162324750 @default.
- W2105741063 hasConceptScore W2105741063C165556158 @default.
- W2105741063 hasConceptScore W2105741063C2778300220 @default.
- W2105741063 hasConceptScore W2105741063C556758197 @default.
- W2105741063 hasConceptScore W2105741063C73283319 @default.
- W2105741063 hasLocation W21057410631 @default.
- W2105741063 hasLocation W21057410632 @default.
- W2105741063 hasLocation W21057410633 @default.
- W2105741063 hasLocation W21057410634 @default.
- W2105741063 hasOpenAccess W2105741063 @default.
- W2105741063 hasPrimaryLocation W21057410631 @default.
- W2105741063 hasRelatedWork W1498861465 @default.
- W2105741063 hasRelatedWork W1993507478 @default.
- W2105741063 hasRelatedWork W2034084866 @default.
- W2105741063 hasRelatedWork W2041911970 @default.
- W2105741063 hasRelatedWork W2057398872 @default.
- W2105741063 hasRelatedWork W2173360621 @default.
- W2105741063 hasRelatedWork W2245939331 @default.
- W2105741063 hasRelatedWork W2613655607 @default.
- W2105741063 hasRelatedWork W3123355254 @default.
- W2105741063 hasRelatedWork W4320915137 @default.
- W2105741063 isParatext "false" @default.
- W2105741063 isRetracted "false" @default.
- W2105741063 magId "2105741063" @default.
- W2105741063 workType "article" @default.