A Note on Krugman’s Liquidity Trap and Monetary Policy at the Zero Lower Bound
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DOI: 10.1080/09538259.2020.1731119
Abstract: ABSTRACT Krugman's ‘liquidity trap’ model constituted a ground-breaking contribution by attributing the long-lasting Japanese stagnation to a negative natural interest rate. Our critique to such a proposal will focus on three aspects. First, we will… read more here.
Keywords: policy; krugman liquidity; liquidity trap; note krugman ... See more keywords