Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap
收藏数据链接：
官方服务：
资源简介：
With integrated trade and financial markets, a collapse in aggregate demand in a large country can cause 'natural real interest rates' to fall below zero in all countries, giving rise to a global 'liquidity trap'. This paper explores the policy choices that maximize the joint welfare of all
提供机构：
美国国家经济研究局创建时间：
2011-06-01
