The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back
NBER Working Paper No. 18285
---- Acknowledgments ----
I wish to express my gratitude to Fernando Alvarez, Sara Calvo, Fabrizio Coricelli, Maurice Obstfeld, Pablo Ottonello, Juan Carlos de Pablo, Carmen Reinhart, and Aaron Tornell for useful and incisive comments. I would also like to thank Heriberto Tapia for skillful research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.