Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999-2004
收藏NBER2005-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11151
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资源简介：
We characterize monetary and fiscal policy rules to implement optimal responses to a substantial decline in the natural rate of interest, and compare them with policy decisions made by the Japanese central bank and government in 1999-2004. First, we find that the Bank of Japan's policy commitment to
提供机构：
美国国家经济研究局
创建时间：
2005-02-01
