The Safety Trap
收藏NBER2014-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19927
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资源简介：
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe
提供机构：
美国国家经济研究局
创建时间：
2014-02-01
