Replication data for: The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities

Nobuhiro Kiyotaki, Andrea Ferrero, Gauti Eggertsson & Marco Del Negro
We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities and ask: can a shock to the liquidity of private paper lead to a collapse in short-term nominal interest rates and a recession like the one associated with the 2008 US financial crisis? Once the nominal interest rate reaches the zero bound, what are the effects of interventions in which the government provides liquidity in exchange for illiquid private paper?...
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