Articles

The Zero Interest-Rate Bound and Optimal Monetary Policy  
With Michael Woodford
Brookings Papers on Economic Activity 1, 139-211, 2003
74 pages / 3489 kb

Policy Options in a Liquidity Trap 
With Michael Woodford
American Economic Review, P&P, 2004: 94 (2)

Optimal Monetary and Fiscal Policy in a Liquidity Trap  
With Michael Woodford
NBER International Seminar on Macroeconomics, 2004
62 pages / 399 kb

The Deflation Bias and Committing to Being Irresponsible  
Journal of Money, Credit, and Banking,36 (2), p. 283-322, 2006
39 pages / 874 kb

The Mistake of 1937: A General Equilibrium Analysis  
With Benjamin Pugsley
Monetary and Economic Studies, 2006: 24(S-1)
58 pages / 444 kb

Great Expectations and the End of the Depression  
American Economic Review, 2008: 98(4)
42 pages / 525 kb
See also ››
Addendum: Notes on Endogenous Capital  
Programs and Data for Great Expectations and the End of the Depression

A Political Agency Theory of Central Bank Independence 
With Eric Le Borgne
Journal of Money, Credit and Banking, Vol. 42, No. 4, June 2010
30 pages / 311 kb

Fiscal Multipliers and Policy Coordination 
L. Céspedes and J. Gali, editors, Fiscal Policy and Macroeconomic Performance, Santiago: Central Bank of Chile, October 2010
43 pages / 404 kb

What fiscal policy is effective at zero interest rates? 
NBER Macroeconomic Annual, 2010
49 pages / 462 kb
See also ››
Earlier distributed as "Can tax cuts deepen the recession?",    December 2008
18 pages / 213 kb

Was the New Deal Contractionary?  
American Economic Review, 2012: 102(1) 
50 pages / 513 kb
Appendix to " Was the New Deal Contractionary? "
48 pages / 546 kb

Debt, Deleveraging, and the Liquidity Trap  
With Paul Krugman
Quarterly Journal of Economics, Forthcoming
Revised February 2012
52 pages / 408 kbz
See also ››
Supplementary material to Debt, Deleveraging and the Liquidity Trap  
31 pages / 325 kb

Deficits, Public Debt Dynamics, and Tax and Spending Multipliers  
With Matthew Denes, and Sophia Gilbukh
Economic Journal, Forthcoming
37 pages / 418 kb

Other

The Liquidity Trap 
The New Palgrave Dictionary of Economics,
13 pages / 75 kb

Comment on Macroeconomic Policy in the European Monetary Union 
NBER International Seminar on Macroeconomics, 2004
17 pages / 267 kb

Comment on Monetary and Fiscal Policy in a Low Inflation Economy with Learning  
2006 Bank of Korea Annual Conference Volume
3 pages / 75 kb

A Reply to Steven Horwitz Commentary on "Great Expectations and the End of the Depression"  
Economic Journal Watch, Volume 7(3), p. 197-204, September 2010
7 pages / 174 kb

A Commentary on and Exploration of Optimal Stabilization Policy  
Brookings Papers on Economic Activity, Spring 2011
13 pages / 273 kb

Commentary on Price-Level Targeting and Stabilization Policy by A. Berentsen and C. Waller 
Journal of Money Credit and Banking, Volume 43, s2, p. 261-643, October 2011
8 pages / 89 kb

Discussion of "How Flexible Can Inflation Targeting Be and Still Work"  
International Journal of Central Banking, Volume 9, Supplement 1, January 2012
4 pages / 162 kb

Gauti Eggertsson's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.