A Neoclassical Theory of Liquidity Traps
收藏NBER2018-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24205
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资源简介：
This paper provides an equilibrium theory of liquidity traps and the real effects of money. Money provides a safe store of value that prevents interest rates from falling enough during downturns, and the economy enters a persistent slump with depressed investment. This is an equilibrium
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美国国家经济研究局创建时间：
2018-01-01
