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Applied Economics Letters Volume 23, 2016 - Issue 16
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Articles

Estimation of the liquidity trap using a panel threshold model

Fangping PengBusiness School, SunYat-Sen University, Guangzhou, ChinaView further author information
,
R. J. CebulaDavis College of Business, Jacksonville University, Jacksonville, FL, USAView further author information
,
M. FoleyDavis College of Business, Jacksonville University, Jacksonville, FL, USAView further author information
&
Kai ZhanFinance School, Guangdong University of Foreign Studies, Guangzhou, ChinaCorrespondence[email protected]
View further author information
Pages 1134-1137 | Published online: 21 Jan 2016

References

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  • Hansen, B. E. 1999. “Threshold Effects in Non-Dynamic Panels: Estimation, Testing, and Inference.” Journal of Econometrics 93: 345–368. doi:10.1016/S0304-4076(99)00025-1.
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  • Lotti, F., and J. Marcucci. 2007. “Revisiting the Empirical Evidence on Firms’ Money Demand.” Journal of Economics and Business 59: 51–73. doi:10.1016/j.jeconbus.2005.12.003.
  • Miyao, R. 2002. “Liquidity Traps and the Stability of Money Demand: Is Japan Really Trapped at the Zero Bound?” working paper.
  • Orphanides, A. 2004. “Monetary Policy in Deflation: The Liquidity Trap in History and Practice.” The North American Journal of Economics and Finance 15: 101–124. doi:10.1016/j.najef.2003.12.001.
  • Sato, K. 2008. “The Liquidity Trap: Japan, 1996–2001 versus the United States, 1933–1940.” Journal of Asian Economics 19: 155–169. doi:10.1016/j.asieco.2007.12.011.
  • White, K. J. 1972. “Estimation of the Liquidity Trap with a Generalized Functional Form.” Econometrica 40: 193–199. doi:10.2307/1909730.

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