Helicopter Drops and Liquidity Traps
收藏NBER2023-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31046
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资源简介：
During a liquidity trap, increases in the money supply have no real effects, as the nominal interest rate has reached its lower bound. We propose a theory of how helicopter drops of money can be effective during a liquidity trap. We develop a New Keynesian monetary model where the fiscal and
提供机构：
美国国家经济研究局
创建时间：
2023-03-01
