Managing a Liquidity Trap: Monetary and Fiscal Policy
收藏NBER2011-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17344
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资源简介：
I study monetary and fiscal policy in liquidity trap scenarios, where the zero bound on the nominal interest rate is binding. I work with a continuous-time version of the standard New Keynesian model. Without commitment, the economy suffers from deflation and depressed output. I show that,
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美国国家经济研究局创建时间：
2011-08-01
