Debt, Deleveraging, and the Liquidity Trap¶
Eggertsson, G. B., & Krugman, P. (2012). Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach. The Quarterly Journal of Economics, 127(3), 1469-1513.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Stock-Flow Diagnostic Map
- The map's payoff appears in a balance-sheet-impaired economy at the zero bound, where it shows the transmission stock sitting outside its window — the classic liquidity trap — so further "cuts," or the wish to cut below zero, produce nothing.
This sourceModels how balance-sheet deleveraging can push an economy against the zero lower bound, creating a liquidity trap in which the required nominal rate would be negative.
- The map's payoff appears in a balance-sheet-impaired economy at the zero bound, where it shows the transmission stock sitting outside its window — the classic liquidity trap — so further "cuts," or the wish to cut below zero, produce nothing.
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.
Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
See how references were verified.
Registry ID ref:65e379cf6fec · see in the full table