The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
收藏NBER1982-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0894
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资源简介：
A Keynesian idea of considerable historical importance is that, in the presence of a liquidity trap, a competitive economy may lack--despite price flexibility--automatic market mechanisms that tend to eliminate excess supplies of labor. The standard classical counterargument, which relies upon the
提供机构：
美国国家经济研究局
创建时间：
1982-05-01
