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Inflation targeting and the liquidity trap [PDF]
, 2001 This paper considers whether "liquidity trap" issues have important bearing on the desirability of inflation targeting as a strategy for monetary policy. From a theoretical perspective, it has been suggested that "expectation trap" and "indeterminacy" dangers are created by variants of inflation targeting, the latter when forecasts of future inflation ...
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The Original Meaning of ‘Liquidity Trap’ in the Early Discussions Between Robertson and Keynes
, 2020L. Fantacci, Eleonora Sanfilippo
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Money and capital in a persistent liquidity trap
Journal of Monetary Economics, 2020Philippe Bacchetta
exaly
Liquidity Trap and Optimal Monetary Policy: Evaluations for U.S. Monetary Policy from 2020 to 2023
Journal of Economic Dynamics and ControlKohei Hasui, T. Sugo, Yuki Teranishi
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Despite the financial liberalization agenda of the mid-1980s, a system of bank oligopolies has developed in both large and small, open developing economies. Mainstream monetary theory tends to assume a capital markets structure and is therefore not well suited to an analysis of these economies. This book outlines a unique theoretical framework that can
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Optimal fiscal policy in a world liquidity trap
European Economic Review, 2011Michael B Devereux
exaly