Global Imbalances and Policy Wars at the Zero Lower Bound
收藏NBER2015-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21670
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资源简介：
This paper explores the consequences of extremely low real interest rates in a world with integrated but heterogenous capital markets, nominal rigidities and an effective lower bound (a ZLB for simplicity). We establish four main results: (i) At the ZLB, creditor countries export their recession
提供机构：
美国国家经济研究局
创建时间：
2015-10-01
