The Optimal Currency Area in a Liquidity Trap
收藏NBER2013-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19588
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Open economy macro theory says that when a country is subject to idiosyncratic macro shocks, it should have its own currency and a flexible exchange rate. But recently in many countries policy rates have been pushed down close to the lower bound, limiting the ability of policy-makers to accommodate
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美国国家经济研究局创建时间：
2013-10-01
