NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The New-Keynesian Liquidity Trap

John H. Cochrane

NBER Working Paper No. 19476
Issued in September 2013

---- Acknowledgements -----

I thank Tom Coleman, Bill Dupor, Martin Eichenbaum, Jesús Fernández-Villaverde, Miles Kimball, Narayana Kocherlakota, Ed Nelson, Ivan Werning, Johannes Weiland, anonymous referees, and many seminar participants for many helpful comments. I thank CRSP and the Guggenheim Foundation for research support. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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