Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
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Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the light of the optimal way to escape. The optimal way involves three elements: (1) an explicit central-bank commitment to a higher future price level; (2) a concrete action that
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美国国家经济研究局创建时间：
2003-12-01
