Optimal Monetary and Fiscal Policy in a Liquidity Trap
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In previous work (Eggertsson and Woodford, 2003), we characterized the optimal conduct of monetary policy when a real disturbance causes the natural rate of interest to be temporarily negative, so that the zero lower bound on nominal interest rates binds, and showed that commitment to a history
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美国国家经济研究局创建时间：
2004-10-01
