IS and LM curves, their characteristics, and limitations to understand macroeconomic equilibrium in goods and money markets.

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 ...

Fund liquidity is multidimensional in that respect--it turns on both the liquidity of the holdings and the portfolio’s structure, making it important to assess each and the interplay between them.