Optimal Monetary Policy in a Liquidity Trap
收藏NBER2003-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9968
下载链接
链接失效反馈官方服务：
资源简介：
We consider the consequences for monetary policy of the zero floor for nominal interest rates. The zero bound can be a significant constraint on the ability of a central bank to combat deflation. We show, in the context of an intertemporal equilibrium model, that open-market operations, even of
提供机构：
美国国家经济研究局
创建时间：
2003-09-01
