Monetary and Fiscal Remedies for Deflation
收藏NBER2004-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10290
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Prevalent thinking about liquidity traps suggests that the perfect substitutability of money and bonds at a zero short-term nominal interest rate renders open-market operations ineffective for achieving macroeconomic stabilization goals. In an earlier paper, we showed that this reasoning does not
提供机构:
美国国家经济研究局
创建时间:
2004-02-01



