The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
收藏NBER2000-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7957
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资源简介：
The paper examines the transmission mechanism of monetary policy in an open economy with and without a binding zero bound on nominal interest rates. In particular, a foolproof way of escaping from a liquidity trap is presented, consisting of a price-level target path, a devaluation of the currency
提供机构：
美国国家经济研究局
创建时间：
2000-10-01
