Global Imbalances and Policy Wars at the Zero Lower Bound
收藏数据链接：
官方服务：
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
